JLL Capital Markets closed the 51-unit multi-housing sale on behalf of Magma Equities
May 14, 2021
Click here to read more: https://www.us.jll.com/en/newsroom/magma-equities-purchases-richmond-hills
“JLL Capital Markets announced today it closed a $6.2 million sale of 51 existing multi-housing units in the Richmond Hills multi-housing community located at 2251 Charles Dr. in Raleigh, North Carolina.”
“The community will undergo a renovation with updated countertops and kitchen cabinets, pool revitalization, and exterior renovations in the next year. Sitting on 5.19 acres, the existing 51-unit apartment property is also entitled for up to 330 units of multi-housing for a potential future redevelopment.”
Long Island Business News: ‘LI developer sells two SC properties for $45.4M’
By David Winzelberg
May 14, 2021
Click here to read more : https://libn.com/2021/05/14/li-developer-sells-two-sc-properties-for-45-4m/
“The Kalikow Group has sold two multifamily complexes in South Carolina for $45.4 million.
The Westbury-based company sold Wescott Apartments, a 182-unit rental complex on 28.3 acres in North Charleston for $32.2 million. Kalikow developed the property in 2018 with equity partners KEP Wescott, LLP, BCP Wescott, LLC, Pipe Dream Investments, LLC, and development partner EYC Wescott, LLC.”
“Kalikow also sold Fenwick Apartments, an 80-unit multifamily property on John’s Island, for $13.2 million. Kalikow acquired the property in 2018 and had since renovated many of Fenwick’s rental units.” – David Winzelberg, Long Island Business News