Fogelman Properties, a multifamily investment and property management company, announced Nov. 8 it acquired Walden Oaks, a 240-unit apartment community in Anderson, through a joint venture with a Dallas-based company, Thackeray Partners, for an undisclosed sum.
This acquisition joins Fogelman’s other multi-family property in South Carolina, Polos at Hudson Corners in Greer.
“Anderson, South Carolina is the top-ranked submarket in the Greenville MSA for rent growth,” says Fogelman senior vice president of investments Mike Aiken. “We are excited to make another investment in the Upstate region and add Walden Oaks to our expanding portfolio with Thackeray.”
Walden Oaks features one-, two- and three-bedroom apartment units. Fogelman plans to perform a variety of updates to the property, including:
- Renovating all interior units
- Enhancing the fitness center, clubhouse and pool area
- Adding features such as large open floor plans, nine-foot ceilings and walk-in closets
Fogelman Properties operates 94 multifamily communities totaling more than 28,000 apartment units across 12 states in the Southeast, Southwest and Midwest.
