May
22

Columbia Apartments Sell for $54,545 per Unit

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Columbia Multifamily Complex Sells For $12 Million

Jupiter, Fla.-based Asset Development Management has acquired Riverview Apartments, a 220-unit multifamily complex in northwest Columbia, from Virginia Beach, Va.-based Sterling Partners, for $12 million. Property features include a clubhouse, a fitness center, a swimming pool and tennis courts.

The complex is located at 4501 Bentley Dr., near the University of South Carolina. Steve Mack and Jim Sewell of Hilton Head, S.C.-based Coastal Apartment Advisors were the sole brokers and exclusively represented the seller.

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