ATLANTA—Prominent Realty Group just secured a $9.1 million equity investment from a value-add institutional investor. The company used the funds to acquire a $38 million apartment project known as Preserve at Port Royal located in Port Royal, SC. NorthMarq Capital's Atlanta office represented Prominent in the deal.

"The main challenge about this transaction was its location being perceived as tertiary," Will James, vice president of NorthMarq Capital's Atlanta office who represented PRG, tells GlobeSt.com. "The property was built in 2006 and in a great location within the city of Port Royal.”

Port Royal's economic generators center around the University of South Carolina Beaufort campus, nearby Parris Island's Marine Corps—where recruits have been training since 1915 and 20,000 men and women graduate annually—and the Beaufort Air Naval station, which is completing a $300 million runway and hangar facility for the new Lockheed Martin F-35 fighter jet.