Timberland Partners Investments, a property investment company based in Minneapolis, announced Sept. 21 it has acquired Oak Ridge at Pelham in Greenville.
The 252-unit apartment community is the company’s fifth apartment property Timberland Partners has purchased in 2021 and its first in South Carolina.
“Oak Ridge at Pelham is a natural fit with our portfolio of apartment communities and overarching investment strategy,” said Timberland Partners acquisitions specialist Aaron Spiegle. “We are very pleased to be expanding our hands-on, resident-focused property management into the state of South Carolina. We look forward to seeing this opportunity benefit our residents and investors in the years to come.”
The apartment community is situated on 26-acres and features one and two-bedroom units in two-story buildings.
Each apartment includes:
- Fully equipped kitchens
- Washer and dryer connections
- Walk-in closets
- Overhead lighting in the bedrooms and living room
- Private balconies or patios
In addition, some units have cathedral ceilings and wood-burning fireplaces.
Timberland Partners has a capital improvements plan for additional apartment and amenity upgrades.
The company also owns and manages a portfolio of 85 communities in 17 states for a total of more than 18,500 apartment units.
