Sold October 2019 – 18.3% IRR
Garden District Apartment Homes is a 223-unit garden-style apartment complex built in 2008 in Simpsonville, South Carolina, a suburb of Greenville. The complex is made up of 16 residential buildings with one, two and three-bedroom unit plans. The apartments feature open kitchens with a breakfast bar, private balconies, washer/dryers and walk-in closets. The property provides a newly renovated clubhouse, leasing office, salt-water swimming pool and fitness center with adjacent children’s play area.