Current Investment Opportunities

Falls at Meehan Apartments

Construction has recently begun on garden-style apartments just minutes from Clemson, SC. Construction phase investors for this opportunity are currently being sought.

Project Address:
971 S. Mechanic St. Pendleton, SC

Investment Type:
Multi-Family, 296 garden-style apartment units. 1, 2 and 3-bedrooms

Building Specs:
292,595 total gross heated SF consisting of 11 apartment buildings, leasing office/clubhouse, amenities. Amenities include swimming pool, fitness space, dog park, car wash area, fire pits and grill area.

Property Information:
17.46 acres in Pendleton, SC at the intersection of US Hwy 76 & S. Mechanics Street with visibility to both roads. The property will have two entry points for residents. Tri-County Technical College, Clemson University, Michelin, and Arthrex are all within 4-miles of the property.

  • Closed a HUD 221 (d) (4), 40-year term loan.

  • First apartments due on the market Fall 2024.

  • Property will be managed by NHE.

  • Developed with an incentive package from Anderson County and the Town of Pendleton.

  • Experienced development team.

  • Tri-County Technical College, Clemson University, Michelin, and Arthrex are all within 4-miles of the property.

  • The area is experiencing significant population growth and job creation. Clemson has over 22,000 students enrolled, and Tri-County Tech has over 6,000 students enrolled. Both are increasing enrollment every year.

  • Target renters would include service professionals, skilled labor force, families and young professionals.

Bluegrass Place Apartments

Planning is underway for a potential future development of garden-style apartments in North Augusta, SC. First round investors for this opportunity are currently being sought.

Project Address:
North Augusta, SC

Investment Type:
Multi-Family, 290 garden-style apartment units

Building Specs:
Approximately 283,032 square feet, the apartments will be located on a 12 +/-acres which is scheduled to be part of a proposed master development containing multifamily, single-family, commercial, and other uses.

Property Information:
144 one-bedroom / one-bathroom units, 130 two-bedroom / two-bathroom units and 16 three-bedroom / two-bathroom units. Project amenities will include clubhouse with fitness center, business center, car care area, swimming pool, playground, and café.

  • The design of the project with garden floor plans should be in demand for this market.

  • There is significant growth in the market and investor confidence is high based on increased supply in the immediate area.

  • Occupancy and rent growth in the market have been strong.

  • Absorption rates for new assets suggests pent up demand.

  • The site is in a good location with close proximity to downtown North Augusta and Augusta.

  • The neighborhood is well suited for multifamily rental housing with good access to schools, commercial development as well as employment, places of worship and hospitals. The subject neighborhood should experience a relatively stable growth pattern for the foreseeable future given its excellent access and appeal of the proposed master development.

Reach out to Allie Capital here if you are interested in learning more about investing in one of the current or future opportunities.