Wednesday, March 16, 2016

MHA Brokers Sale of Three Apartment Communities, Totaling 569 Units, in Upstate South Carolina

Marc Robinson
CHARLOTTE, NC - Multi Housing Advisors (MHA) has arranged, in separate transactions, the sales of three apartment communities located in Upstate South Carolina.

Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the sellers in the transactions.

“The greater Upstate area is one of the nation’s healthiest apartment markets, fueled by consistently strong employment and population growth,” McCarley said. “This fundamental strength provides a bright outlook for these three assets and the area’s entire multifamily sector moving forward.”

·        Carlisle Residential Properties sold Bent Oak to DBC Real Estate Management. The 120-unit property was built in 1980 and is ideally located with quick access to major thoroughfares. 

Large employers, business and shopping centers are minutes away, along with the Greenville-Spartanburg International Airport located just three miles away.

·        Graycliff Capital Partners sold Park Square to Monument Capital Management. The 96-unit property was built in 1972 and is located in the heart of West Spartanburg near Westgate Mall, with convenient access to I-26 and I-85.

·        VTT sold Hunters Park to Greystone Capital, who has since changed the name to Hawk’s Landing Apartments. The 353-unit property was built in 1973 and is located close to public transportation, entertainment, major highways and Downtown Greenville.

For a complete copy of the company’s news release, please contact:

Deborah Rogers
Multi Housing Advisors

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