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| Walden Oaks Apartments, Anderson, SC |
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| Jordan McCarley |
ANDERSON, S.C. (Feb. 18,
2014) — Multi Housing Advisors (MHA) has brokered the $18.5 million sale of Walden
Oaks, a 240-unit apartment community in
Anderson, S.C.
Jordan McCarley and Marc
Robinson of MHA represented the seller,
Hathaway Development Partners, and were the only brokers involved in the deal.
Chartwell Holdings purchased the community, which was built in 2007.
“The Walden Oaks sale was
highly competitive process and shows that the multifamily investment market
remains very strong as we move in to 2014.
“An attractive debt and
equity environment combined with strong operating performance is resulting in
significant investor demand for multi-family assets in the southeast,” McCarley
said. “We anticipate investor activity and pricing to remain high in 2014 as
lenders continue to re-enter the market.”
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| Marc Robinson |
MHA has several other properties on the market in South Carolina:
the 92-unit Springbrook in Anderson; a portfolio of 274 units in Spartanburg
that includes the 98-unit Magnolia Townhomes and the 176-unit The Corners; and
the 246-unit Century Forest in Greenville.
MHA has targeted the Carolinas as markets for growth. In 2013, MHA
expanded its Charlotte, N.C., office and intends to open additional offices in
the South.
MHA enjoys a total sales transaction volume that has surpassed
$2.7 billion, representing more than 83,000 units and more than 500 individual
transactions. MHA serves local, regional and national clients and has become
known for its effective multi-office platform, excellent transaction history
and rapid growth.
For a complete copy of the company’s news release, please
contact:
Stephen Ursery
The Wilbert Group
404-549-7150 (O)
404-405-2354 (C)
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