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Affordable upstate
Monument Capital Management sells Park West Apartments for $39M
Monument Capital Management, an integrated real estate investment firm based in Miami, Florida, has sold Park West Apartments in Greenville for $39 million to an unnamed buyer, the company announced Sept. 8.
The 359-unit apartment community at 357 Hillandale Road was purchased by MCM in 2016 and features:
- 305 one- and two- bedroom garden style residences
- 54 two-bedroom townhomes
After purchasing Park West in 2016, MCM also completed upgrades to the community’s unit interiors, amenities and common areas.
“Park West was an ideal acquisition which realized a significant internal rate of return for our investors,” said MCM president Erin Knight. “Our overall improvements to the property made it a win/win for residents and the community as a whole as well.”
For more information, mcmgmtllc.com.
*Original news article featured in The Upstate Business Journal, Sept 12, 2022 - linked here.
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