The Dinerstein Companies Acquires 350-Unit Multifamily Property In Greenville From Railfield Realty Partners

The property asset involved in the transaction is a multifamily community located at 823 South Church Street in Greenville, South Carolina. This apartment community comprises 350 units and spans 8.7 acres. The asset includes 14,658 square feet of retail space and was built in 2015.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Buyer: Brian Dinerstein - The Dinerstein Companies
• Seller: Kenneth Bacon - Railfield Realty Partners
• Brokers: Andrea Howard, John Currin, Austin Jackson, Jeff Glenn & James Dorsett - NorthMarq
• Market: Greenville, SC
• Acres: 8.7
• Units: 350
• Retail Space: 14,658 square feet

NorthMarq arranged the sale of the property from Railfield Realty to The Dinerstein Companies. Additionally, NorthMarq secured a three-year bridge loan through AllianceBernstein for the buyer, who plans to renovate units and upgrade amenities at the apartment community.