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Atlanta & Southeast  + Southeast  + Apartments  | 

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 “This well-located property with high-quality construction has outdated finishes, which will allow us to transform the property to compete with the newly-constructed properties at a discounted rental rate.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.”

To stay connected with multifamily news and trends, we invite you to attend Connect Apartments at the JW Marriott in Los Angeles June 20, 2019.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition
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