Summitwoods Apartments - Offering Memorandum.pdf

Offering Memorandum · filed December 24, 2022 · 50 pages · deal: Summitwoods Apartments
Page 3
Property overview

174 Summit Street | Greenville, SC 29607

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Location: Greenville, South Carolina; suburban submarket

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Page 4
Property description

Product type: garden multi-family, built 1986; class B

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Page 5
Unit mix

Unit mix: 33 one-bedroom, 48 two-bedroom, 15 three-bedroom; 96 units in total

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Page 9
Market overview

Submarket: suburban Greenville; commuter suburb with new-household growth above the metro average

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Page 12
Investment highlights

Projected 15.6% levered IRR and a 2.19x equity multiple over a 6-year hold

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On file

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