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Cushman & Wakefield Arranges Sale of Apartment Community in Greenville, SC
Cushman & Wakefield has facilitated the sale of a 252-unit apartment complex, Oak Ridge at Pelham, on behalf of seller Graves Brothers Company.
Tai Cohen, Marc Robinson and John Phoenix of Cushman & Wakefield represented the seller; Timberland Partners acquired the Greenville, SC, property.
“Oak Ridge at Pelham presented the opportunity to invest in an extremely well-maintained asset located in the coveted Thornblade neighborhood and implement a value-add campaign to boost rental rates,” Cohen said. “Greenville is a thriving multifamily market offering immense growth opportunities.”
Built in 1986, Oak Ridge at Pelham is a unique two-story asset with low density that was held by the owner for more than 16 years and maintained through curb appeal and structural enhancements. Amenities include a basketball court, car care center, fitness center, grilling/picnic areas, laundry facilities, nature trail, pet park, business center, swimming pool and tennis court.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group participated in more than 250 transactions and $6.2 billion in multifamily and land investment sales in 2020.
- ◦Sale/Acquisition
