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| Marc Robinson |
CHARLOTTE, NC — Multi Housing Advisors (MHA)
has recently brokered four multifamily sales in South Carolina for a total of
more than $39 million. Marc Robinson and Jordan McCarley of MHA’s
Charlotte, North Carolina, office represented the sellers of the properties.
“The
offerings received tremendous investor interest and illustrate that investor
demand for multifamily assets in the Southeast is very strong,” Robinson said.
Details are the deals are below:
·
Covenant Capital acquired the 246-unit Century Forest, located in
Greenville, South Carolina, from Centennial Holding Company, LLC for $19.3
million. Century Forest, constructed in 1985, includes a swimming pool with a
sundeck, a fitness center, tennis courts, a car-care facility, and picnic and
grilling areas.
 |
| Jordan McCarley |
·
PRG Real Estate sold a two-property portfolio in Spartanburg, South
Carolina, comprised of The Corners Apartments and Magnolia Townhomes, to
Graycliff Capital for $10 million. Both assets were constructed in 1974. The
Corners Apartments comprises 176 units and Magnolia Townhomes includes 98
units.
·
Hudson Capital purchased the 120-unit Fox Run, located in Camden, South
Carolina, for $9.79 million. Pulliam Investments sold the property, constructed
in 2002. Amenities include a fitness center, laundry facility and swimming
pool.
“Overall,
market fundamentals remain solid and financing options for multifamily assets
continue to improve, so we anticipate tremendous investment activity in
multifamily well into 2015,” McCarley said.
For more information, visit www.usmha.com.
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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