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National  + South Carolina  + Apartments  | 

Passco Picks Up South Carolina MF for $48M

California-based Passco Companies acquired The Lively at Carolina Forest, a 305-unit, Class A+ multifamily community in Myrtle Beach, SC, for $48.2 million. The property at 107 Village Center Blvd. was acquired from Orange Capital Advisors / CF Evans.

Passco’s Colin Gillis says, “Myrtle Beach has shifted over the past several years, from a location primarily supporting tourists and seasonal residents, to one supporting an influx of full-time residents, significantly driving demand for multifamily housing.”

Constructed in 2017, The Lively’s units include a variety of studio, one, two, and three-bedroom floorplans. The community features a stand-alone community “beach house” backing up to a water feature, community gardens, a fire-pit gathering area, gas grilling stations, fitness center, dog park and washing station, and a saltwater pool, and is the first multifamily community in the market to feature elevators.

Cushman & Wakefield’s Marc Robinson, Jordan McCarley and Tai Cohen represented both buyer and seller.

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Inside The Story

Connect With Passco’s GillisConnect With Orange Capital Advisors / CF EvansConnect With Cushman & Wakefield’s Robinson

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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