Cushman & Wakefield announced that the firm has arranged the sale of Willows at Grande Dunes in Myrtle Beach, South Carolina.
Cushman & Wakefield’s Alex McDermott, Austin Green, Charlie Gravina, Paul Marley and Rhodes Marley represented ownership. Hamilton Point Investments acquired the property.
“Willows at Grande Dunes represents a premier multifamily asset, delivered with top-of-market finishes and thoughtful amenity design,” said Alex McDermott, Executive Managing Director with the Sunbelt Multifamily Advisory Group. “With much of the development pipeline now behind us, we’re seeing performance improve market-wide. Hamilton Point’s acquisition positions them to benefit from this positive momentum and capitalize on continued renter demand in this desirable coastal location.”
Built in 2023, the community is in the sought-after Grande Dunes neighborhood, providing residents with seamless connectivity to major employment centers and retail. Residents continue to migrate to Myrtle Beach due to the low cost of living, highly ranked school districts, accessibility and the vibrant culture and entertainment. The immediate area surrounding the property boasts long-term fundamentals, including skyrocketing home values (135% increase in mortgage payments), blue-chip demographics ($151K+ avg. household income), and 79,000+ jobs within a 25-minute drive.
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.
