Colonial Pointe

This 237-unit asset, purchased in December 2024, is located in Columbia, South Carolina - the state's capital city and one of the fastest growing areas in the Southeast. With the closing of this asset, this marks our 8th asset purchased throughout the state of South Carolina in the last 18 months.

Built in 1975, this LIHTC property has a mix of 1BR, 2BR, and 3BR units and includes several amenities on-site currently (pool, spacious grounds, playgrounds, tennis courts). With the exteriors in decent condition, we'll look to make repairs as needed and will focus on further enhancing the amenities of the complex. With our standard interior renovations to include new LVP flooring, stainless steel appliances, and granite countertops - we're confident that these units will be among the nicest in the Columbia market. This asset was purchased at a very favorable cost basis of $46k per unit.