Lane Company, a multifamily real estate company, has acquired Broadway Station Apartments in Myrtle Beach, S.C.
The value of the transaction was $27.2 million.
The 264-unit apartment community will be converted into a condominium. The property, located east of Highway 17 on 38th Avenue, is within one-half mile of both the beach and Broadway at the Beach, a popular shopping, entertainment and dining destination.
The community includes one-, two- and three-bedroom residences. Current amenities include a pool, clubhouse and fitness center. Condo sales are expected to begin late this year and the first residents are expected to move in early next year.
What’s your opinion? Send your Letter to the Editor to firstname.lastname@example.org.