Gross Internal Rate of Return (IRR): 24%
Chimneys at Greenville Apartments was a coastal multifamily community consisting of 1-, 2-, and 3-bedroom floorplans totaling 168 units and approximately 148,480 net rentable scare feet. It was constructed in 1981 and underwent significant exterior and partial interior renovations in 2017.
This property was a part of The Carolinas Portfolio along with Deerbrook Apartments.
Cohen Investment Group acquired this property on February 27, 2019 and sold it on January 27, 2021.
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