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Hamilton Point Acquires South Carolina MF Community for $24M

Hamilton Point Investments acquired Broad River Trace, a 240-unit apartment community in Columbia, SC for $24 million. The community is currently 96% occupied. Amenities include a dog park, business center, volleyball court and a pool.

Tai Cohen, Jordan McCarley and Watson Bryant of Cushman & Wakefield represented the seller, Passco Companies, in the transaction.

“Broad River Trace’s exceptional location, offering scenic views and convenient access to local amenities, as well as its in-demand community features, will continue to draw resident interest as the submarket’s population grows,” said Jeff Olshan, senior vice president at Passco. “Throughout Passco’s seven-year ownership, we strategically increased the value of the asset, completing minor upgrades to modernize the community and realize its potential.”

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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.

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