Prospect Lane Acquires Treehaven Apartments From Everett Knight For $11.85 Million In Summerville SC

400 Pinewood Drive

$11,850,000

$127/SF

Building Size

93,152 SF

Asset Type

MultiFamily

Closing

Jun 25, 2026

AI

The multifamily asset, Treehaven Apartments, located at 400 Pinewood Drive in Summerville, SC, has been sold for a transaction price of $11,850,000. The property includes 88 units and spans a total square footage of 93,152, leading to a price per unit of $134,659 and a price per square foot of $127.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $11,850,000
Units: 88
Square Footage: 93,152
Price Per Unit: $134,659
Price Per Square Foot: $127
Buyer: Prospect Lane
Seller: Everett Knight
Brokers: Jacob Vogel & Steve David - Rosewood Realty Group
Date of Sale: 6/26/2026

This transaction marks the first sale of Treehaven Apartments in nearly 50 years since it was developed by the original developer, reflecting a significant change in ownership for this long-held asset.

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