Greer Apartment Complex Sold


Santa Monica, Calif.-based Columbus Pacific Properties has acquired a distressed apartment community in Greer for $11.1 million. West Chase Apartment Homes was built in 2000. The Class A community contains 192 garden-style units on 14.23 acres. Amenities include a resort-style swimming pool, a playground, picnic areas, a fitness center, a dog park and a car care center.

Mike McGaughy and Jon Kleinberg of Transwestern represented Columbus Pacific as well as the seller, Greystar Management Services, which was acting as receiver for the property. Walker & Dunlop and George Smith Partners arranged acquisition financing, consisting of a permanent loan with a 65 percent loan-to-value ratio, on behalf of Columbus Pacific.

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    Categories : Greenville, Greer

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