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Think Multifamily Decides to Buy North Charleston Community for $28M
Think Multifamily has completed the $28.1-million acquisition of Alston Arms Apartments, a 160-unit multifamily community in North Charleston, SC.
Johnathan Kessler and John Drummon of Greenville, SC-based Aline Capital brokered the transaction.
“The property is located in the ever-growing submarket of North Charleston,” said Kessler. “The area has seen tremendous growth over the past few years and with the influx of more residents to the area, workforce housing will remain strong.”
The community is situated on 8.7 acres and was constructed in 2007. At the time of sale, the property was undergoing both interior and exterior renovations and the buyer plans to continue these efforts.
- ◦Sale/Acquisition
