L5 has recently acquired the Terrace at Butler apartments in the Greenville, South Carolina market. The 132-unit asset was completed in 2001 and acquired for $8.475M.
Located at 771 E. Butler Road, the investment is well-positioned to experience growth in the strong Upstate market as well as see an upgrade through proposed capital improvements.
The deal was sourced through NAI Earle Furman Multifamily Division, acquired in a partnership with BH Equities, and financed through Berkeley Point Capital, all of whom L5 would like to thank.
L5 Real Estate Investments continues to actively acquire multifamily assets throughout the US.
See the press release.
L5 Real Estate Investments, LLC is a privately held investment firm focused on stable, income producing multi-family opportunities in emerging U.S. markets.