Apr
17

MHA Sells Five SC Apartment Communities

By

Multi Housing Advisorssold signs (MHA) has arranged, in separate transactions, the sales of five South Carolina apartment communities for a total of $52.6 million. Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the sellers in the transactions.

Details of the deals are below:

  • Greystone & Co. sold the 152-unit The Reserve at Cavalier and the 130-unit Hampton Forest, located in Greenville, to two separate funds controlled by Monument Capital Management.
  • Applegate & Co. sold the 312-unit Polo Village, located in Columbia, to an affiliate of EBSCO Income Properties, LLC.
  • LNR Partners sold the 176-unit Pocalla Springs, located in Sumter, to an undisclosed buyer.
  • Southwood Realty sold the 132-unit Heather Heights, located in Rock Hill, to Varden Capital Properties.

These transactions come after a very busy 2014 for MHA. Last year, the 13-year-old firm closed 129 multifamily investment sales in the region, more than any other brokerage firm, according to CoStar data. MHA’s transactions totaled $1.09 billion in sales volume and included 21,500 units.

Comments are closed.