The Walden Group Acquires 332-Unit Apartment In Myrtle Beach For $76M

The Walden Group has acquired a 12-acre apartment property located at 915 Brentmoor Dr. in Myrtle Beach, SC. The transaction was facilitated by Cushman & Wakefield. Middleburg Communities, represented by Kory Geans, served as the seller in the deal. The sale price for the property amounted to $76,000,000.

Summary of transaction details

• Property Type: Apartment
• Transaction Amount: $76,000,000
• Units: 332
• Price per Unit: $228,915
• Date: 01/11/2022
• Market: Myrtle Beach, SC

This successful transaction involved the purchase of a 12-acre apartment property located at 915 Brentmoor Dr. in Myrtle Beach, SC. The Walden Group acquired the property from Middleburg Communities, represented by Kory Geans. Cushman & Wakefield acted as the broker in the deal. The property consists of 332 units, with an average price per unit of $228,915.