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Washington DC & Mid-Atlantic  + DC  + Apartments  |  September 27, 2024
Jasmine Kilman
By: Jasmine Kilman

CRC Acquires MF Near Hilton Head for $44M

Continental Realty Corporation (CRC) has acquired its second multifamily community in the greater Bluffton-Hilton Head, South Carolina area with the recent $44.5 million acquisition of Bristol at New Riverside, located at 205 Forest Trace in Bluffton.

Developed by Madison Communities, delivered in 2024, and formerly known as Madison New Riverside, the 166-unit two- and three-story garden community was 90 percent leased at the time of this transaction. Taylor Bird, Executive Managing Director of Cushman &Wakefield, represented the seller in the transaction.

Positioned within the New Riverside Village master-planned community in Beaufort County, Bristol at New Riverside consists of six two- and three-story buildings featuring one- and two-bedroom floorplans ranging from 745 to 1,186 square feet of space. A nearby 70,000-square-foot Publix-anchored retail center with a Starbucks Coffee is located within proximity to the property.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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