Greer, Greenville apartment complexes on the market

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ABOVE: Image courtesy of Holliday Fenoglio Fowler L.P. (HFF) ]

Holliday Fenoglio Fowler L.P. (HFF), a provider of commercial real estate and capital markets services, is handling the sale of an 11-property, 3,039-unit multi-housing portfolio located in several core markets across the United States, including two in the Upstate.

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The portfolio totals more than 3 million rentable square feet and encompasses garden-style and mid-rise communities with an overall occupancy rate in excess of 95 percent as of May 31, 2016. More than half of the assets were constructed between 2002 and 2010, and all have been institutionally maintained and operated since completion. The Upstate properties in the portfolio are: Legacy Crescent Park in Greer and Millennium Apartment Homes in Greenville. Also included are Watertower Apartments in Eden Prairie, Minn.; Poplar Creek in Schaumburg, Ill.; Legacy at Martin’s Point in Lombard, Ill.; Lofts at the Highlands in St. Louis; Legacy at Valley Ranch in Irving, Texas; Crystal Park at Waterford in Frederick, Md.; The Residence at Waterstone in Pikesville, Md.; Legacy Grand at Concord in Concord, N.C.; and Wesley Village in Charlotte, N.C.

HFF is marketing the offering on behalf of KBS Legacy Partners Apartment REIT Inc., a public, non-traded real estate investment trust (REIT) sponsored by KBS Capital Advisors LLC (the REIT’s advisor) and affiliates of Legacy Partners Residential Realty LLC. The portfolio is being offered on a free-and-clear basis and may be purchased in its entirety, as a subset of pooled assets or individually and is led by executive managing director Matthew Lawton along with local HFF teams in the respective markets.

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