May
17

Greenville Apartments Sold for $56,875/unit

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Greenville-based Graycliff Capital has purchased the Azalea Hills Suites at Verdae apartment complex for $9.1 million.

The capital investment group purchased the 160-unit extended stay complex and leased 10 acres where it is located at 1600 Azalea Hills Drive. The property will operate under the ownership name of Azalea Hill Apartments L.P.

Ballard Cos., operating as Verdae Partners Ltd. of Montgomery, Ala., sold the apartments, including the land transaction from Verdae Properties LLC, a statement said Thursday.

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