Apartment pre-development in Greenville, SC
We’ve partnered with an experienced developer to acquire 15 acres of land in Greenville, South Carolina, with plans to build a new apartment community on the site. The property is located in the Water Tower District, a newly-developed community just five minutes from downtown.
Upon finalizing designs and permits, we plan to engage a contractor and take out a construction loan to build the apartments. Following the completion of construction and leasing up the apartments, we plan to seek opportunities for an exit via sale or refinance.