Investment Opportunity
Built-for-Rent Cottages Development in West Columbia, SC
Built-For-Rent Cottages Development in Hip and Growing Columbia Suburb
39-unit cottage style built-for-rent development in West Columbia, SC.
Designed to capture the growing and sustained demand from young professionals, USC senior students and faculty, as well as empty nesters.
Experienced Sponsors and General Contractor
General contractor: Centerpark Homes is one of the most experienced track home builders in South Carolina and has strong track record of building this prototype cottage style product in other developments.
Sponsor BlueField Residential’s principals have a combined track record of well over $1bn in real estate investment and development.
Walkability to Revived Downtown Area of West Columbia and only 2 Miles from USC
Located only 0.5 miles from West Columbia’s newly revived downtown area with trendy bars, restaurants, micro-breweries and boutique shops.
Only 2 miles from downtown Columbia and the University of South Carolina’s (USC) 35,000 student campus.
Stable and Growing Market
As South Carolina’s state capitol, Columbia has a balance of public sector employment (State, University, Military) and a strong and fast-growing health care, insurance and banking business; Ensuring stable population and rent growth throughout different cycles.
Growing Redevelopment Area and Strong Rent Comps
Significant redevelopment is taking place on neighboring sites including a mixed-use development (retail, multifamily, hospitality) on an adjacent 9-acre site.
Multifamily and Townhome rent comparables in West Columbia are at over $2,000 per month.
