Multi Housing Advisors Brokers Two Apartment Community Sales in Simpsonville, South Carolina, Totaling $33.65 Million

SIMPSONVILLE, SC – Multi Housing Advisors (MHA) has arranged, in separate transactions, the sale of two apartment communities located in Simpsonville, South Carolina, for a total of $33.65 million. These transactions mark the fourth sale for MHA in the Greenville area this year.

Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the sellers in the transactions. The details are below:

• Ginkgo Residential purchased the 120-unit Enclave at Fairview, located at 630 Fairview Road, from McCall Capital for $11 million. The property, built in two phases in the late 1980’s, features two- and three-bedroom townhomes, a resort-style swimming pool, fitness center, playground area, car care center and dog park.

• Garden District Realty Partners acquired the 223-unit Garden District Apartment Homes, located at 100 Garden District Drive, from Waypoint Residential for $22.65 million. The property, built in 2008, features best-in-class finishes including hardwood flooring, granite countertops, plantation blinds, custom cabinetry and designer lighting fixtures.

“The greater Greenville area is one of the nation’s healthiest apartment markets, fueled by consistently strong employment and population growth,” McCarley said. “This fundamental strength provides a bright outlook for these two assets and the area’s entire multifamily sector moving forward.”

About Multi Housing Advisors

Multi Housing Advisors (MHA) has become known as a solid leader in the multi housing industry. The company, founded in 2002, was established to bring a focused brokerage platform to growing markets throughout the Southeast. Since that time, MHA has created value for clients in virtually every sector of the multi-housing market. The MHA team works hard to build and enhance value by leveraging strong attention to detail, accessing an active investor base and capitalizing on its vast market knowledge in ways that benefit every aspect of the transaction process.

MHA enjoys a total sales transaction volume that has surpassed $4.3 billion, representing more than 110,000 units and nearly 700 individual transactions. MHA serves local, regional and national clients and has become known for its effective multi-office platform, excellent transaction history and rapid growth.

For more information, visit www.usmha.com.