Charleston
The Sunbelt and Multifamily: Oversupply Isn’t the Whole Story
For the past two years, one word has dominated conversations about the Sunbelt apartment market: oversupply. The numbers behind the… Read more
Richman Raises $535M Across Two Affordable Housing Tax Credit Funds
The Richman Group Affordable Housing Corporation, an affiliate of The Richman Group, has closed on $535 million of equity across… Read more
South Street Partners Acquires Its First Tri-State Resort in Western NJ
South Street Partners, a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC, acquired Crystal Springs… Read more
Continental Realty Corporation Completes $23M Sale of 136K-SF Retail Center
Baltimore-based Continental Realty Corporation, on behalf of Continental Realty Fund IV, LP, has completed the $22.57 million sale of West… Read more
Continental Spins Off Charleston Power Center
Continental Realty Corporation (CRC) completed the $22.57 million sale of West Ashley Shoppes, a 136,000- square-foot retail power center located… Read more
Charleston-Area Apartment Venture Trades to Continental
Continental Realty Corporation (CRC) added to its South Carolina multifamily portfolio with the acquisition of Elevate at Brighton Park, a… Read more
Bain Capital, 11North Close $1.6B Fundraise for Open-Air Retail Platform
Bain Capital Real Estate and 11North Partners have closed a capital raise of up to $1.6 billion to invest alongside… Read more
Alterra IOS Closes $150M Loan Commitment from Blue Owl Capital
Alterra IOS announced the close of a $150 million loan facility from funds managed by Blue Owl Capital Inc. The… Read more
Bain, 11North Pick Up SE Retail Portfolio
PGIM provided a $260 million fixed-rate acquisition loan to Bain Capital Real Estate and 11North for a retail portfolio across the… Read more
Urban Landings, Stonemark Sell 209-Unit Charleston Rental Community
Urban Landings and Stonemark Capital have sold a 209-unit Charleston apartment complex for $39.75 million. Northmarq’s Charlotte Multifamily Investment Sales team, led… Read more
Southern Land Obtains Refinancing for Charleston Apartments
Southern Land Company refinanced the construction debt of Society at Laurens, a 148-unit apartment community in Charleston, South Carolina. Walker… Read more
Alliance, MAA Teaming Up on 336-Unit Charleston Apartment Community
Alliance Residential Company closed on 18.67 acres of land located at 1730 Clements Ferry Rd., Charleston, South Carolina, for the development… Read more
Bain, 11North Partners Acquire 9 Florida Retail Centers
Bain Capital and 11North Partners acquired a portfolio of ten open-air retail centers, nine in Florida and one in South Carolina, for approximately… Read more
Woodfield Inks Refi of Charleston Rental Community
PCCP has provided a $62 million senior loan to Woodfield Development, for the refinance of The Radler, a 324-unit, Class A, garden-style… Read more
What’s Really Behind High (or Low) Property Tax Rates?
Not all property taxes are created equal, and effective tax rates (i.e., (property taxes as a percentage of market value)… Read more
Now, For Something Completely Different—Millionaire Renters
The narrative about multifamily is that residents are divided into two categories: According to a recent RentCafe report, one growing… Read more
BridgeGaps Picks Up Spartanburg Rental Asset for $53M
Orange Capital Partners offloaded a 297-unit garden-style apartment in Spartanburg for $53 million. The Lively Drayton Mills was 92% occupied… Read more
Work Starts on Expansive Charleston Mixed-Use Project
Highland Resources broke ground on the infrastructure for Magnolia Landing, a planned mixed-use community located along the Ashley River in… Read more