Serrus Capital Partners expands real estate portfolio; Named second fastest-growing company in SC
December 12, 2012
GREENVILLE, SC – December 12, 2012 – Serrus Capital Partners, a Greenville-based real estate investment and management company, announced the acquisition of an additional 50 condominiums located in Historic Biltmore Village in Asheville, N.C., continuing a strong growth pattern that expands their portfolio’s regional assets. The addition reinforces other assets including condominiums at The Summit @ Pelham Springs in Greenville and units at Carolina Walk by Williams Brice Stadium in Columbia.
Since 2009, the firm has acquired a total of 242 properties, positioning Serrus Capital as the second fastest growing company in South Carolina, as named by The Capital Corporation, which relies on weighted revenue and employment growth statistics from the previous three fiscal years to determine their annual rankings.
The continued growth builds on Serrus Capital’s larger stabilization and sales strategy, repositioning underperforming assets while generating cash flow through rentals and patient sales tactics, strategically releasing properties onto market over time.
Despite a sluggish economy, said co-founder, Steve Mudge, our team has built a portfolio of strategic, revenue-generating assets, strengthening communities through capital commitments while leveraging investment insight to generate a strong bottom-line.
The only real estate firm included on the SC list of fastest growing companies, Serrus Capital has pursued an aggressive leasing and sales strategy while increasing asset values across their primary marketplace of South Carolina.
It’s an exercise in supply and demand, said Serrus Capital chairman, Leighton Cubbage. Our access to and infusion of capital removes excess market supply, stabilizing and increasing asset values for all stakeholders over time.
For more information on Serrus Capital Partners and their portfolio of assets, visit www.serrus.com. To see a complete list of The Capital Corporation’s 25 Fastest Growing Companies in South Carolina 2012, visit www.thecapitalcorp.com.
