MULTIFAMILY PROPERTY FETCHES $11.1 MILLION IN S.C.

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GREER, S.C. — Columbus Pacific Properties (CPP) has acquired West Chase Apartment Homes in Greer. The Class A, 192-unit multifamily property sold for $11.1 million. Situated on 14.23 acres, the property offers spacious units, a resort-style pool, a playground, a pet park, picnic areas, a fitness center, a laundry facility and a car-care center. The buyer secured a 65 percent permanent loan through Walker & Dunlop and George Smith Partners for the acquisition. Mike McGaughy and Jon Kleinberg of Transwestern represented the buyer and seller, Greystar Management Services, in the transaction.

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