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National  + South Carolina  + Apartments  |  September 9, 2019
David Cohen
By: David Cohen

Myrtle Beach MF Community Trades for $48M

Cushman & Wakefield has arranged the $47.6-million sale of The Vinings at Market Common, a 288-unit apartment community in Myrtle Beach. The property is located at 2501 Hammock St., and consists of a mix of one-, two- and three-bedroom apartments. Amenities include a swimming pool with beach entry, outdoor gathering area with fireplace, outdoor lounge with a veranda, a pet park area, fitness center, entertainment kitchen and a clubhouse with business center.

Myrtle Beach is nationally ranked as the second fastest-growing metro, and is expected to add 18,700 new jobs through 2023 fueled by its expanding healthcare and tourism industries.

Alex Brown, Tai Cohen and Marc Robinson of Cushman & Wakefield represented the seller, Standard Capital Partners, in the transaction. The buyer was Sillman Enterprises.

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.
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