Dec
13

Spartanburg’s Westgate Pines Apartments Sold

By

A Spartanburg apartment complex sold for $2.38 million to CRE Strategy Opportunity Fund LLC.

CRE plans significant upgrades and improvements for Westgate Pines, a 96-unit Class “C” apartment complex at 1480 W O Ezell Blvd. in Spartanburg. CRE will partner with property management firm N&H Enterprises and general contractor Creative Builders Inc.

The property will be renamed Park Square. It will feature updated interiors, exterior improvements, new landscaping and a remodeled clubhouse, among other upgrades. This marks CRE’s third acquisition in Spartanburg.

“Westgate Pines is consistent with the fund’s strategy of finding assets that are well located and will benefit from capital investment and proactive property management,” said Paul Aiesi of CRE’s management team, in a news release. “The fund has targeted Spartanburg and Upstate South Carolina because of the economic growth and the continued creation of new households which support the fund’s investment to acquire and improve quality multifamily housing.”

READ MORE HERE

Be Sociable, Share!
    Categories : Spartanburg

    Comments are closed.