NAI Earle Furman’s multifamily division closes $14 million apartment portfolio
August 27, 2016
Two Multifamily Properties in Columbia, South Carolina totaling 325 Units
COLUMBIA, SC – Tony Bonitati, Kay Hill and Bern DuPree represented Southwood Realty, based in Gastonia, NC, in the sale of two Columbia, SC multifamily properties totaling 325 units. Hunters Ridge Apartments located at 1079 Springhouse Drive (205 units) and Copperfield Apartments located at 200 Saluda River Road (120 units) were sold to Upstate Property Rentals based in Simpsonville, SC. The buyer was not represented in the transaction. Both properties were more than 95% occupied at the time of sale and the purchaser plans to make minor capital improvements.
This transaction represents the sixth property NAI Earle Furman’s Multifamily Division has sold for Southwood Realty.
“This was a win-win transaction for all parties. Not only were we very pleased with the outcome of this sale for our longtime client Southwood Realty, but we were also happy with how we were able to assist Upstate Property Rentals, whom we have represented on many Upstate, SC deals in the past, expand into the Columbia, SC market,” says Kay Hill, NAI Earle Furman Broker and Shareholder.
About NAI Earle Furman: Based in Upstate South Carolina, NAI Earle Furman is a leading full-service commercial real estate firm specializing in the office, industrial, investment, retail, multifamily, healthcare and land sectors. They offer a wide range of services including sales, leasing, development, site selection, consulting and property management. A partnership with NAI Global allows NAI Earle Furman to access a network of worldwide real estate connections and offer international commercial real estate services to Upstate clients, while retaining local personality and knowledge. 2016 marks NAI Earle Furman’s 30th Anniversary. For more information, visit www.naiearlefurman.com.
