MYRTLE BEACH, S.C. — Harbor Group International has purchased Artisan Carolina Forest, a 276-unit community in Myrtle Beach, for $64.4 million. Northmarq’s John Currin and Andrea Howard brokered the transaction. Artisan Carolina Forest was built in 2022. The community offers amenities such as a pool with a TV lounge and cabanas, a dog park, EV charging stations, a fitness center with a yoga room and co-working spaces.
South Carolina
CHARLESTON, S.C. — Prospect Lane acquired Retreat at Palm Pointe, a 112-unit community in Charleston, from Cohen Investment Group for $13.3 million. John Phoenix, Richard Gore, Tyler Fish and Pat O’Brien of Cushman & Wakefield represented the seller. Greystone’s Donny Rosenberg arranged a Fannie Mae loan to finance the acquisition. Retreat at Palm Pointe was built in 1991. The community offers one-bedroom apartments with internet connectivity, ceiling fans and hardwood-style flooring.
FORT MILL, S.C. — Knightvest Capital has acquired The Apartments at Brayden, a 332-unit garden-style community in Fort Mill, for an undisclosed price. Fort Mill is a southern suburb of Charlotte, North Carolina. The Apartments at Brayden was built in 2016 and offers one-, two- and three-bedroom floor plans. Community amenities include a swimming pool, fitness center and clubhouse. The acquisition is Knightvest Capital’s fifth investment in the Charlotte metropolitan area since 2020.
CHARLESTON, S.C. — Cushman & Wakefield and Greystone have arranged the sale of and financing for Exchange at Windsor Hill, a 312-unit community in Charleston. The buyer is American Landmark Apartments, and the seller is Carter Funds and Barrymor Enterprises of NJ. Cushman & Wakefield’s John Phoenix, Louis Smart and Austin Green represented the sellers in the transaction. Greystone Managing Director Donny Rosenberg arranged the 10-year, Freddie Mac Optigo acquisition loan. Exchange at Windsor Hill was built in 2020 in the North Charleston submarket. Amenities include a resort-style pool with …
Cushman & Wakefield Arranges $77.5 Million Sale of Broadstone Ingleside in South Carolina
LADSON, S.C. — Cushman & Wakefield has arranged the $77.5 million sale of Broadstone Ingleside in Ladson, South Carolina, about 27 miles northwest of Charleston. Cushman & Wakefield’s John Phoenix, Louis Smart and Austin Green represented the undisclosed seller in the transaction. The community was acquired by a joint venture made up of Abacus Capital and Westbrook Partners affiliates. The 336-unit community was built in 2021 by Alliance Residential. Cline Design Associates was the architect on the project.
North and South Carolina may fly under the radar when it comes to ranking the nation’s top multifamily markets. But a closer look at the region reveals metrics that rival some of the busiest cities in the country. “One of the common themes across metros in these two states is just how differently both investors and developers view the region versus how they viewed it 10 years ago — and certainly versus 20 years ago,” says Carl Whitaker, director of research for Richardson, Texas-based RealPage, which provides data, analytics and …
GREENVILLE, S.C. — Multifamily software company Grace Hill has acquired Edge2Learn and Ellis Partners in Management Solutions (Ellis). Financial terms of the transaction were not disclosed. Edge2Learn and Ellis provide e-learning services as well as policy, survey and data services to multifamily property owners and operators. Together, Ellis and Edge2Learn offer approximately 600 online training courses for the conventional, affordable, student and seniors housing markets.