Berkadia, a distinguished leader in the commercial real estate sector, announced the sale of The Cottages at Alex Patterson Place, a Class A single-family-rental community consisting of 14 cottage homes on Hilton Head Island, South Carolina.
Director Thomas Colaiezzi, Senior Managing Director Caleb Troop, and Associate Director Matt Robertson of Berkadia Charlotte led the transaction on behalf of the seller, Putnam Atlantic Properties and Verde Capital.
“The Putnam Atlantic and Verde Capital team did well to maximize value and deliver an exceptionally maintained asset in the highly sought-after Hilton Head market,” said Colaiezzi. “I have no doubt that our buyer will find continued success with The Cottages at Alex Patterson Place.”
The Cottages at Alex Patterson Place is a Class A rental community with a “permit-ready” phase II for six additional cottages, offering a unique investment opportunity with immediate and long-term growth potential. Located two minutes from US Route 278, the island’s main thoroughfare, the property ensures excellent access on and off the island, making commutes to Hilton Head’s top amenities effortless. Residents are just a five-minute drive from the beach and enjoy easy connectivity to Main Street Village and Coligny Plaza Shopping Center, located five and 15 minutes away, respectively. These areas provide access to premier retail, dining, and entertainment options, along with numerous job opportunities at nearby resorts and hospitality venues.
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
