The Beach Company Purchases Ryder Junction Multifamily Community In Greer SC For $49.25M

The transaction involved a multifamily asset located at 900 Conductor Circle in Greer, South Carolina. The asset encompasses 264 units and was sold for $49,250,000, translating to a price per unit of $186,553.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $49,250,000
• Buyer: The Beach Company
• Seller: Proffitt Dixon Partners
• Brokers: Allan Lynch, Andrea Howard, Austin Jackson, Caylor Mark, Jeff Glenn & John Currin - NorthMarq
• Mortgage Brokers: Faron Thompson, Grant Harris & Cabell Thomas - NorthMarq
• Units: 264
• Price per Unit: $186,553

NorthMarq’s Carolinas Multifamily Investment Sales team played a crucial role in facilitating the sale of the property while representing the seller, Proffitt Dixon Partners. Additionally, NorthMarq secured $31.675 million in financing for The Beach Company through a five-year, permanent-fixed loan via its Fannie Mae DUS platform.