The joint venture team of Cushman & Wakefield and Greystone announced that they arranged the sale of, and closed a Freddie Mac Optigo loan for, Exchange at Windsor Hill, a 312-unit multifamily community located in North Charleston.
Cushman & Wakefield’s John Phoenix, Louis Smart, and Austin Green represented the sellers in the transaction. Meanwhile, Donny Rosenberg originated the 10-year acquisition loan from Greystone. The multifamily property was sold by Carter Funds and Barrymor Enterprises of NJ, LLC. The buyer is American Landmark Apartments.
“Situated north of the Peninsula in an area experiencing rapid economic growth, the North Charleston submarket continues to prove out its heightened multifamily desirability. Exchange at Windsor Hill is a one-of-a-kind asset within the submarket with embedded upside through unparalleled projected rent growth,” said Phoenix, Senior Director at Cushman & Wakefield.
Built in 2020, Exchange at Windsor Hill offers seamless connectivity to major thoroughfares and provides direct access to the area’s largest employers all within five miles of the property. On-site the community offers luxury amenities that are curated for residents including modern units with nine-foot ceilings, a resort style swimming pool and tv wall, two resident lounges, an outdoor kitchen and bar, fire pit, and 24/7 fitness center.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 109-person investment sales team covering 11 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2022, the group closed $11.1 billion in sales volume through 360 deals and over 60,300 units.