APC Expands Portfolio to Include River Oaks Village in Myrtle Beach, SC
Daniel Krakower was pleased to support our client, Advantage Properties, Inc. in its recent acquisition of River Oaks Village, a 190-unit, Class A apartment community in North Myrtle Beach, S.C., for $48.5 million. The transaction represents the second multifamily acquisition this year by Advantage Properties, Inc. along with its co-sponsor, Cove Property Management LLC, and its joint venture partner, CWCapital Asset Management (“CW”), a diversified real estate investment management firm having invested $1.3 billion across multifamily, office, industrial, retail and hospitality assets since its inception. Of the acquisition, Krakower said, “It was a pleasure to work again with Advantage Properties to expand their portfolio with this acquisition and we are gratified to play a part in their continued growth and success.”
For more information, the full press release is shared below.
