Fulton Realty Capital has advised a private client on the acquisition of a 630-unit multifamily asset in coastal South Carolina.
“We were pleased to help our client redeploy capital into a strong value-add asset in a rapidly growing market,” said Kevin Donlon, Managing Director at Fulton Realty Capital. “The property – with its strong fundamentals and potential for increased profitability and appreciation – reflects the type of investment opportunity we’re seeking for our expanding multifamily practice.”
The multi-building residential community boasts extensive amenities including two pools, a fitness center, a private pond, a dog park, and three laundry facilities. The property fronts a major arterial in the area and is in close proximity to restaurants, retail stores, and a major regional shopping destination.
The Sterling Group helped source the deal and will manage the property. Founded in 1976, Sterling is a leading investor, developer, builder, and manager of multifamily housing and self-storage properties throughout the Midwest and Southeast United States.
About Fulton Realty Capital
Fulton Realty Capital is a private real estate firm specializing in self-storage, multi-family, and select commercial properties. We employ specific investment strategies focusing, on stabilized core and value-add opportunities in secondary markets typically overlooked by institutional real estate investors.
