GVA Acquires Multifamily Property In SC, NC & OK For $457.5M

A multifamily property located in SC, NC, and OK has been sold in a closed transaction. The sale was facilitated by Jason Kon, Henry Stimler, Bill Weber, and Tip Strickland from Newmark, who represented the buyer GVA and the seller Cedar Grove Capital. The property was sold for a total price of $457,500,000, with a unit count of 2 and a price per unit of $228,750,000. The property spans across 150,000 square feet, resulting in a price per square foot of $3,050.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $457,500,000
• Market: SC, NC & OK

The buyer in this transaction was GVA, while the seller was Cedar Grove Capital. The transaction was facilitated by the brokers Jason Kon, Henry Stimler, Bill Weber, and Tip Strickland from Newmark. Together, they successfully closed the deal for the multifamily property located in SC, NC, and OK.