May
02

Apartment Market in South Carolina is Hot

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Integra Realty Resources research has found that 23 apartment complexes have sold in South Carolina so far in 2008. Our database shows that they range in size from 88 units to 336 units. Four of the complexes are student housing developments that serve the University of South Carolina in Columbia, with these setting the highest overall sales prices and highest prices per unit. Excluding these student housing sales, the sales prices per unit range $24,671 to $96,354. The lowest cap rate was 4.7%, which was based upon previous year net operating income.
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