Candleton Village apartments, Greenville, SC
ATLANTA, GA – HFF announced today that it closed the sale of
Candleton Village, a 314-unit, Class A garden-style multi-housing
community in Greenville, South Carolina.
 |
| Megan Thompson |
HFF marketed the property on behalf of the Carroll
Companies. The buyer, Hudson Capital
Investments, LLC along with RW Partners headed by Reginald Winssinger from
Phoenix, Arizona, purchased Candleton Village for an undisclosed amount free
and clear of existing debt.
Candleton Village is located at 741 Woodruff Road near the
intersection of Interstate 85 and Interstate 385 near Greenville Downtown
Airport. Built in 2006, the property
features one-, two- and three-bedroom units averaging 986 square feet
each.
The HFF investment sales team representing the seller was
led by senior managing director Jason Nettles and director Megan
Thompson.
 |
| Jason Nettles |
“Candleton Village
presents the unique opportunity for increased revenue potential from renovating
unit interiors with relatively new systems in-place. The property’s location on Woodruff Road amongst Greenville’s
most compelling new developments solidifies its position as one of the most
centrally located apartment communities,” commented Thompson.
The Carroll Companies, headed by Roy E. Carroll, II,
is one of the region’s largest owners of multi-housing properties.
The firm started as a single family custom
home developer in the 1980’s, and has since branched out into multi-housing,
commercial and office development.
In
the last 11 years, the firm has built and/or has under construction more than
11,000 apartment units representing an asset value of more than $1.2 billion.
 |
| Roy E. Carroll II |
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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