Archive for February, 2019

Feb
13

Property Tax Tip of the Day

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If you are considering the acquisition of a recently completed property in SC, make sure that the assessor’s office has assigned a taxable value to the building before closing the deal. You lose the potential 25% tax exemption if there is no taxable value to compare the sales price with.

tax tip

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Feb
13

Three Update Assisted Living Facilities Sold

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sold stamp blueThree assisted living and memory care facilities in the Upstate sold for $48.4 million. The properties totaled 198 units at $244,444 per unit.

Spring Park at 925 N. Main St. in Travelers Rest, Fairview Park at 544 Harrison Bridge Road in Simpsonville, and Oakview Park at 110 Hood Road in Powdersville were purchased by Atlas Senior Living of Alabama.

The seller, Greenville-based Graycliff Capital Senior Housing LLC, was represented by Cushman & Wakefield Senior Housing of Florida.

“Graycliff strategically developed this portfolio within the Greenville market to avoid overlap, capture economies of scale, and allow each asset to effectively meet market demand,” Cushman & Wakefield’s Paul Carr said in a news release. “As a result, these communities are uniquely positioned to capitalize on Greenville’s exceptional growth and thriving economy.”

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Categories : Greenville
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