ApexOne Investment Partners Sells 288-unit Multifamily Community In Myrtle Beach For $57 Million

A multifamily community located at 2222 Crow Lane in Myrtle Beach, SC, was sold for $57,000,000. The asset includes 288 units, resulting in a price per unit of $197,917. The property is strategically positioned in a market that is experiencing positive migration trends and employment growth, making it an attractive investment opportunity.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $57,000,000
• Address: 2222 Crow Lane
• Market: Myrtle Beach, SC
• Units: 288
• Price Per Unit: $197,917
• Seller: ApexOne Investment Partners
• Brokers: Caleb Troop, Mark Boyce, Jim Sewell, David Lansbury, Erika Maston, Blake Coffey, Thomas Colaiezzi & Matt Robertson - Berkadia

The transaction was facilitated by Berkadia, which represented ApexOne Investment Partners in this sale. The deal was executed by senior professionals who leveraged their expertise to navigate the dynamics of the multifamily market, ensuring a successful closing.