Serrus Acquires 89 Properties in the CarolinasBy
Serrus Capital Partners, a Greenville-based real estate investment and management company, announced the acquisition of 89 properties in three markets across the Carolinas.
This acquisition includes 10 condominiums in The Summit at Pelham Springs in Greenville, 29 condominiums in Carolina Walk by Williams Brice Stadium in Columbia and 50 units at the Residences at Biltmore in Asheville.
“It’s an exercise in supply and demand,” Serrus Capital Chairman Leighton Cubbage said in a news release. “Our access to and infusion of capital removes excess market supply, stabilizing and increasing asset values for all stakeholders over time.”