Fulton Realty Capital Guides Acquisition of Coastal Carolina Multifamily Complex
Industry: Real Estate
The amenity-laden, 630-unit multifamily asset sits at the cross-roads of major residential and retail developments.
New York, NY (PRUnderground) May 22nd, 2019
Fulton Realty Capital, a real estate investment firm representing high-net-worth clients and family offices, has advised a private client on the acquisition of a 630-unit multifamily asset in coastal South Carolina.
“We were pleased to help our client redeploy capital into a strong value-add asset in a rapidly growing market,” said Kevin Donlon, Managing Director at Fulton Realty Capital. “The property – with its strong fundamentals and potential for increased profitability and appreciation – reflects the type of investment opportunity we’re seeking for our expanding multifamily practice.”
The multi-building residential community boasts extensive amenities including two pools, a fitness center, a private pond, a dog park, and three laundry facilities. The property fronts a major arterial in the area and is in close proximity to restaurants, retail stores, and a major regional shopping destination.
The Sterling Group helped source the deal and will manage the property. Founded in 1976, Sterling is a leading investor, developer, builder, and manager of multifamily housing and self-storage properties throughout the Midwest and Southeast United States.
About Fulton Realty Capital
Fulton Realty Capital is a privately-held real estate investor focused on self-storage & multifamily properties. Fulton’s ownership group has closed over $1.5 billion in transactions since 2014, and its clients collectively represent the nation’s 6th largest privately-held operator of self-storage assets.