TIC investors add to apartment holdings
Purchase 10-year-old complex in Southeast
By Inman News, Monday, January 16, 2006.Triple Net Properties represented tenant-in-common investors in the acquisition of Caledon Wood, a 350-unit multifamily housing community in Greenville, S.C.
The value of the transaction was not disclosed.
Caledon Wood, completed in 1996, consists of 1-, 2- and 3-bedroom units in 15 two-story apartment buildings. The units range from 821 square feet to 1,232 square feet. The apartment community's amenities include private balconies, tennis courts, and two resort-style outdoor pools.
Colonial Realty Limited Partnership sold Caledon Wood, which was 97 percent occupied at the time of sale.
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