• 366-unit / 679-bed community less than half a mile from East Carolina University in Greenville, NC
• Primarily one- and two-bedroom units (85%) ranging from 650–1,500 SF, ideal for multifamily conversion
• Prime location in a 175,000+ resident MSA, adjacent to ECU’s 26,000+ student population
• Consistently strong occupancy supported by both student demand and long-term multifamily potential
• Significant upside through conversion, offering rent growth, reduced expenses, and improved operational efficiency

The District at Tar River

The District at Tar River is a 366-unit / 679-bed student housing community located less than half a mile from East Carolina University in Greenville, North Carolina. Featuring primarily one- and two bedroom floorplans (85% of total units) spanning 650 to 1,500 square feet, the property is exceptionally well-suited for repositioning into a traditional multifamily asset. Situated within a growing 175,000-resident MSA and benefitting from consistent student demand, The District at Tar River offers a rare opportunity to acquire a scalable asset with strong occupancy and significant upside through conversion to by-the-unit leasing, rent growth, and reduced operating expenses.

East Carolina University

East Carolina University (ECU), located in Greenville, North Carolina, is a leading public research institution and one of the largest universities in the state, with a total enrollment of approximately 26,000 students, including over 19,000 undergraduates. As part of the University of North Carolina System, ECU offers more than 100 undergraduate programs and over 75 graduate and professional degrees across 12 colleges and schools. The university is especially well known for its strengths in health sciences, education, business, and engineering, and serves as an anchor institution for eastern North Carolina.

ECU is in the midst of a significant campus expansion and modernization effort that will enhance the student experience and support long-term enrollment growth. Most notably, construction has begun on the $265 million Center for Medical Education, a 195,000-square-foot facility that will expand the capacity of the Brody School of Medicine and reinforce ECU’s leadership in healthcare education. The project is scheduled for completion in late 2027. Additionally, major renovations are underway at Legacy Hall, Jones Hall, and the Whichard Building, along with infrastructure upgrades across both the main and health sciences campuses—all scheduled to deliver between 2025 and 2027.