River Oaks Village Apartments in Myrtle Beach, SC

Project Details

Location
Myrtle Beach, SC
Property Type
Multifamily
Size
190 Units
Vintage
2019
Purchase Price
$48,500,000

Purchased for $48.5 Million

Adding value by bringing rents up to market value.

Business Plan

  • CWCIM purchased a 190-unit multifamily property with below market rents for $48.5 million.
  • The Partnership implemented professional property management to maximize rents in the dynamic and high growth Myrtle Beach MSA.
  • The Partnership has increased the market rents on 2×2 units to $1,800 and $1,900, exceeding our projected market rents by $323, or 21.5%.

About CW Investment Management

Our team of commercial real estate experts utilize decades of experience to generate high returns on investments. With integrity and attention to detail, we build real value and relationships.

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