TIC investors add to apartment holdings

Purchase 10-year-old complex in Southeast

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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. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....