NAI Earle Furman Multifamily Division closes $30,350,000 portfolio transaction
June 15, 2017
Tony Bonitati, Kay Hill, and Bern DuPree of NAI Earle Furman’s Multifamily Division represented Upstate Property Rentals in the sale of Hunter’s Ridge Apartments, Copperfield Apartments, and Park Place Apartments in Columbia, SC. The three-property portfolio contains a total of 625 units built in the 1970s and was fully-occupied on the date of sale.
“While some markets are starting to experience peak pricing, Columbia is a great example of a location where upside still remains,” said Kay Hill, Multifamily Division broker and shareholder at NAI Earle Furman. “Sante Realty plans to put a capital improvement plan in place and hold these assets for the long-term.”
The portfolio sold for $30,350,000 and was purchased by Sante Realty of Phoenix, AZ, who was not represented in the transaction.
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. NAI Earle Furman completed nearly 650 transactions in 2016. 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.
For more information, visit www.naiearlefurman.com.
