Nov
08

Two Spartanburg Apartment Communities Sold

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sold-sign6Tony Bonitati, Kay Hill and Bern DuPree represented Georgetown Holdings, LLC in the sale of two Spartanburg, SC multifamily properties totaling 166 units. Georgetown Village located at 1421 John B White Sr. Boulevard (74 units) and Timberlane Apartments located at 106 Kensington Drive (92 units) were sold to Cedar Grove SC II, LLC. The buyer was not represented in the transaction. The portfolio sold for $8,750,000, or $52,711 per unit. Both properties were fully occupied at the time of sale.

Categories : Spartanburg

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