Multi Housing Advisors Brokers Sale of Two Apartment Communities in South Carolina

  

Carolina Crossing Apartments, Rock Hill, SC

CHARLOTTE, N.C. (Feb. 18, 2015) - Multi Housing Advisors (MHA) has arranged, in separate transactions, the sales of two apartment communities located in South Carolina. Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the sellers in the transactions.

“These two South Carolina markets continue to receive steady attention from investment capital as growth figures maintain a fundamentally optimistic picture,” McCarley said. “Both assets are well positioned to benefit from this continued momentum.”

The Shores at Elders Pond Apartments, Columbia, SC

Details of the deals are below:

·        Hardscrabble Apartment Associates and Pulliam Investment Co. of Spartanburg, South Carolina sold The Shores at Elders Pond. 

The 236-unit property was built in 2004 and 2007 and is located in Columbia, South Carolina.

 The community is positioned in the heart of the Richland 2 school district, which ranks #1 in the state, and is also situated in a high growth area with some of Columbia’s finest retail.

·        Varden Capital Properties (VCP) sold Carolina Crossing to MACC Properties and The JAR Group. The 267-unit property was built in 1999 and is located along one of Rock Hill, South Carolina’s most heavily trafficked corridors, with the surrounding area offering some of the highest home values. The York County submarket has experienced strong job growth and boasts numerous large and stable employers.

  

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

Deborah Rogers

Multi Housing Advisors

404.645.7275

drogers@usmha.com