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Abacus Capital, Westbrook Partners Acquire Ladson Multifamily for $78M
A joint venture between affiliates of Charlotte, NC-based Abacus Capital and real estate developer Westbrook Partners have acquired Broadstone Ingleside, a 336-unit multifamily community located in the Charleston submarket of Ladson, SC for $77.5 million.
John Phoenix, Louis Smart and Austin Green of Cushman & Wakefield represented the seller in the sale to Abacus Capital and Westbrook Partners.
“Broadstone Ingleside is a best-in-class garden asset built by one of the most prolific developers in the nation. This deal is in the absolute bullseye for job growth and in-migration in Charleston – one of the fastest growing and most sought-after markets we cover,” said Smart.
Built in 2021, Broadstone Ingleside is strategically positioned in Ladson, a rapidly expanding North Charleston submarket just off Interstate 26. The multifamily community is at the economic center of Charleston’s employment with several big-name corporations that have a local presence nearby.
- ◦Sale/Acquisition
