Greenville Apartment Development Sold


beacon ridgeCBRE Capital Markets facilitated the sale of Beacon Ridge Apartment Homes, a 144-unit value-add multifamily property at 5 Crystal Springs Road in Greenville. Located just off Interstate 385, less than two miles from Haywood Mall, the property is close to downtown Greenville and the Greenville Health System Patewood Medical Campus.

Philadelphia-based PRG Real Estate acquired Beacon Ridge. CBRE’s Kevin Kempf, Parker Yates, David Lansbury, and Phil Brosseau represented the seller, Charlotte-based Grubb Properties, in this transaction.

Built in 1988, the property is situated on 9.6 acres and was 96 percent occupied at the time of sale. Amenities include a 24-hour fitness center, expansive pool and sundeck, multiple grilling stations, clubhouse, business center, picnic areas, and dog park.

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