“In a competitive market for acquisitions, this transaction is consistent with our strategic focus on yield and building scale in markets for which we have an existing presence. We already own three assets in the Columbia MSA and are finishing construction on a development project in the market. This was an ideal fit.”

Middle Street Partners is a real estate investment and development company, with a focus on multifamily acquisitions and development in the Southeastern United States. Since inception in 2009, MSP has partnered in the acquisition and/or development of nearly $1 Billion of multifamily property.

CHARLESTON, SC—Middle Street Partners has completed the acquisition of six apartment communities in South Carolina and North Carolina. The combined purchase price for the six properties was approximately $97 Million. The portfolio was acquired in partnership with an undisclosed majority equity investor. Debt financing was arranged by CBRE Realty Finance.

The apartment communities acquired are:

• Gable Hill Apartments in Columbia, SC • Forest Brook Apartments in West Columbia, SC • St. Andrews Commons Apartments in Columbia, SC • Hampton Greene Apartments in Columbia, SC • Chason Ridge Apartments in Fayetteville, NC • Waterford Apartments in Columbia, SC

Commenting on the acquisition, Ryan Knapp, co-founder and co-managing principal of MSP, stated:

“In a competitive market for acquisitions, this transaction is consistent with our strategic focus on yield and building scale in markets for which we have an existing presence. We already own three assets in the Columbia MSA and are finishing construction on a development project in the market. This was an ideal fit.”

Middle Street Partners is a real estate investment and development company, with a focus on multifamily acquisitions and development in the Southeastern United States. Since inception in 2009, MSP has partnered in the acquisition and/or development of nearly $1 Billion of multifamily property.