CushWake Brokers $47M Sale of MF Community in Greenville
Cushman & Wakefield arranged the $47 million sale of Waterside Greene, a 378-unit multifamily community in Greenville, SC. Located at 741 Woodruff Road in South Greenville, the property is nearby a number of retailers, including Whole Foods Market.
Tai Cohen, Jordan McCarley and Watson Bryant of Cushman & Wakefield represented the seller, Chapel Street Advisors, in the transaction. The buyer was Audubon Communities.
“We are excited about our first investment in South Carolina,” said Myles Cunningham, CIO of Audubon Communities. “This well-located property with high-quality construction has outdated finishes, which will allow us to transform the property to compete with the newly-constructed properties at a discounted rental rate. Our construction plan is to build a new clubhouse, completely transform the curb appeal and update the interior of the units. As Greenville continues its incredible growth, we believe that this community will be a great addition to our portfolio.”
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For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition