SVN® | BlackStream® sells a $25million+ apartment portfolio in Upstate South Carolina.
SVN| BlackStream’s Multifamily Brokerage Team, consisting of Jonathan Kessler, Keith Nelson and Joey Weinel assisted Two Bridges Asset Management in selling a four-property portfolio in South Carolina’s Upstate region. The portfolio comprised of 404 units and sold for $25,750,000.
“We believe that, with prices for multifamily assets at all-time highs but cracks starting to show in overall economic conditions, it was a prudent time to realize gains and provide strong returns to our investors. Jonathan, Joey and the rest of the team provided excellent advice and expertise along the way and were instrumental in getting a complicated deal over the finish line. We and our investors thank them.” ~ Jonathan Twombly, Two Bridges Asset Management LLC
The buyer is a multifamily investor from the Northeastern United States. “It was a sophisticated transaction that required a sophisticated buyer. Thankfully, we were able to facilitate it by timing the market and working out terms that were beneficial to both parties.” ~ Jonathan Kessler, SVN | BlackStream Advisor