South Carolina

The-Bower-Bluffton

BLUFFTON, S.C. — International private equity firm Henderson Park and Charleston, South Carolina-based developer Green Room Partners have broken ground on The Bower, a 266-unit build-to-rent community in Bluffton. Amenities at The Bower will include a clubhouse with a library, coworking space, a community kitchen, lounge and a fitness center. Outdoor amenities feature a pool, outdoor kitchen and bar, cabana, grilling stations, pickleball courts, a putting green, fire pit, dog park and an interconnected walking trail system throughout the community. The clubhouse and amenities are scheduled for completion in July …

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Chicora-Apartments-Myrtle-Beach

MYRTLE BEACH, S.C. — Marcus & Millichap has arranged the sale of Chicora Apartments, a 34-unit community in Myrtle Beach. The asset traded for $3.6 million. Neither party to the transaction was named. Will Graves Jr., Ryan Lipomi and Carson Ford of Marcus & Millichap represented the seller. Built in 1963, the property is located at 501 38th Ave. North on a 1.9-acre lot. The community totals approximately 31,000 rentable square feet and includes one-, two- and three-bedroom apartments with an average unit size of 912 square feet.

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Ellevate-North-Charleston

NORTH CHARLESTON, S.C. — Eller Capital Partners has obtained a $58 million loan to refinance two properties, about half a mile apart from each other, in North Charleston. Walker & Dunlop’s Walker Layne, Matt Wallach, Stephen West, Austin Sneed and Tyler Roberts arranged the floating-rate interest-only bridge senior debt loan with capital provided by Bridge Investment Group. Ellevate St. Ives is comprised of 248 units. Ellevate North Charleston offers 192 units. Both properties participate in South Carolina’s affordable housing tax abatement program, with 75 percent of units restricted at 80 percent …

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The-Radler-Summerville

SUMMERVILLE, S.C. — Woodfield Development and PGIM have begun construction of Nexton Townhomes, a 114-unit build-to-rent community that comprises the second phase of the developers’ Radler project in Summerville. Both communities are located in Downtown Nexton, a 4,500-acre master-planned development located approximately 25 miles northwest of Charleston along the I-26 corridor. Designed for walkability, Nexton includes residential neighborhoods, approximately 100,000 square feet of dining and retail space, commercial and office development and a network of parks and trails. At full buildout, expected to occur approximately within the next five to …

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Liva-Travelers-Rest

TRAVELERS REST, S.C. — Capstone Building Corp. has broken ground on the $28.1 million Liva in Travelers Rest. Liva will feature 32 three-bedroom townhomes and five garden-style apartment buildings containing a total of 120 units. Greenville, South Carolina-based Clear Mountain Properties is the developer, and Capstone Building Corp. will serve as the general contractor. S3 Capital provided a construction loan for the project back in February. Amenities include a clubhouse, a pool, a bike-storage barn and public walking trails. Completion is slated for 2027.

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Evolve-New-Hope-Farm-wellford

WELLFORD, S.C. — Northmarq has arranged the $41 million refinancing of Evolve New Hope Farm, a 280-unit property in Wellford owned by Greensboro, North Carolina-based Evolve Cos. BlackRock was the lender. Northmarq’s West Palm Beach debt and equity team was led by Chris Hammel. Built in 2024, Evolve New Hope Farm features one-, two- and three-bedroom units and amenities such as a clubhouse, a resort-style pool, pickle ball court, a community garden, outdoor kitchens, walking trails and a lake, electric vehicle charging stations, a fitness center with yoga and cycling …

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Northpoint-on-Jarvis-Creek-Hilton-Head

HILTON HEAD, S.C. — CF Evans Construction has broken ground on Northpoint on Jarvis Creek, a 157-unit workforce housing project on Hilton Head Island. The Town of Hilton Head Island, OneStreet Residential and Royal Bank of Canada Community Investments (RBC-CI) are leading the public-private development team. Under the terms of the partnership, the Town provides: a 65-year ground lease; $1 million to support eligible site work with contributions secured from the American Rescue Plan Fund; affordability covenants to maintain a workforce neighborhood in perpetuity; zoning entitlements; and long-term programming support. …

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Lantower-Sunrise-Kissimmee

CHARLESTON, S.C. — Lantower Residential, a Dallas-based operator and subsidiary of H&R REIT, is exiting the property management business. Greystar will take over management of Lantower’s approximately 7,895 units. The phased transition began Feb. 17. Greystar will assume management responsibilities for 23 multifamily communities, including two properties under development. As part of the transition, many of Lantower’s onsite and property leadership teams will join Greystar. H&R REIT is based in Toronto with a U.S. and Canadian portfolio comprised of residential, industrial and office properties totaling approximately 21.2 million square feet.

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Liva-Travelers-Rest

TRAVELERS REST, S.C. — S3 Capital has provided a $29.8 million loan to Clear Mountain Properties for the development of Liva Travelers Rest, a 152-unit community in Travelers Rest. Cooper Horowitz arranged the financing. Liva Travelers Rest will consist of five three-story buildings and seven two-story buildings featuring 120 apartment units and 32 townhomes in a mix of one-, two- and three-bedroom floor plans. Amenities will include a resort-style pool, a clubhouse and fitness center, fire pit, a dog park and bike storage. Capstone Building Corp. is the general contractor. …

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One-West-End-Charlotte

CHARLOTTE, N.C. and GREENVILLE, S.C. — Walker & Dunlop has arranged $47.8 million in bridge refinancings for two townhome rental communities in North Carolina and South Carolina. Michael Stepniewski, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Brown, Edward Leboyer and Nicholas Gilhooley arranged two floating-rate, interest-only loans provided by ACRES Capital on behalf of borrower Gordon Road Capital. The properties include One West End, an 86-unit community at 2701 Rozzelles Ferry Road in Charlotte and Maybrook Terraces, a 50-unit community located at 206 N. Leach St. in Greenville.

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