Investment Opportunity
Built-For-Rent Townhomes Development in Goose Creek, SC (Charleston MSA)
Built-for-Rent Town Homes Development in Charleston’s Growth Corridor
100 Town homes: 2-story, 3 bedrooms, 2.5 bathrooms, single garage built-for-rent development located in Goose Creek, SC (Charleston MSA).
Designed to capture the growing demand for town home rentals in Charleston’s northern growth corridor.
Experienced Sponsors and General Contractor
General contractor: Center Park Homes is a very reputable single family and townhome builder based in Charleston, SC that has a long track record of building both for end buyers and built-for-rent communities.
Sponsors: BlueField Residential and Toro RE have a combined track record of well over $1bn in real estate investment and development.
High Barrier to Entry Market
High barriers to entry market created by restrictive zoning and rigorous approval process in the CHS Tri-County area.
Irreplaceable Location in Charleston’s Growth Corridor
Located within a 20-minute drive of Joint Base CHS, Mercedes-Benz, Bosch, Boeing, Volvo and Port of Charleston.
Located less than 15 minutes from Charleston Southern University and Trident Technical College.
Situated within a master planned development with Publix supermarket, retailers, restaurants and schools within a 5 to 10-minute drive.
Strong demographics, comps and rent growth
$96,990 avg. household income (1-mile radius).
Sustained above average population growth creating demand / supply gap for multifamily rental units. Demand continues to outpace supply resulting in continuous positive absorption. Rental comparables for similar product are currently well above $2,200 / unit. 30% projected rent growth over the next 5 years.
