Lakeland Capital, a private, multifamily investment company active in select East Coast markets, is pleased to announce it has surpassed $200 million in total transactions. In 2024, the firm completed a disposition, refinancing and four acquisitions, including the recent acquisition of the Reserve at River Walk, a 220-unit multifamily community in Columbia, South Carolina.
“As Lakeland Capital’s first transaction in the Columbia market, the Reserve at River Walk represents an exciting milestone for our firm,” said Alexander R. Westra, managing partner at Lakeland Capital. “This acquisition underscores our commitment to investing in the Southeastern U.S. and delivering best-in-class offerings at affordable prices.”
Lakeland Capital has outlined an ambitious capital improvement program for the Reserve at River Walk, designed to transform the property and enhance the resident experience. Plans include expanding and upgrading amenities and common areas, introducing a scenic nature trail to connect the community to the Broad River and modernizing unit interiors with contemporary finishes. Additional enhancements will focus on security, lighting and landscaping, while also addressing deferred maintenance to ensure a safe and inviting environment for residents.
This acquisition, made in partnership with the Foundation for Affordable Housing—a nonprofit committed to preserving and expanding affordable housing opportunities—reinforces Lakeland Capital’s dedication to affordability. As part of this commitment, 75% of the community’s units will be reserved for affordable rents.
Beyond its in-market investment activities, Lakeland Capital has been a proud supporter of Serve and Connect, a Columbia, South Carolina-based nonprofit that focuses on fostering positive change through sustainable partnerships between law enforcement and the community, for the past two years.
