Brookside Crossing

Brookside Crossing

Columbia, SC
Available
  • Property Type: Apartments
  • Year Built : 2009
  • Property Size: 173,718 SF / 162 Units

Overview

Capstone Apartment Partners is pleased to present Brookside Crossing, a 162-unit, 2009 vintage, garden-style apartment complex located in Columbia, South Carolina. Brookside Crossing represents a rare opportunity to acquire an affordable property with 150+ units in South Carolina, allowing for greater economies of scale and a significant footprint in Columbia's affordable asset market. Placed in service in 2010, the property is in the LIHTC program and was financed with tax exempt bonds. Participation in this program ensures investors will be acquiring a high-quality asset that meets the strenuous criteria to be eligible for tax exempt bonds. Brookside Crossing features a mix of one and two-bedroom units restricted to 60% of the area median Income and features a full suite of amenities, a rarity among affordable properties in South Carolina. Additionally, the property is centrally located to I-77, I-20, and SC-277, three of Columbia’s major thoroughfares, providing residents access to all the major economic demand drivers in the Columbia MSA. 

Investment Highlights

Below Max Allowable Net Rent

Rare Fully Amenitized Affordable Property

Exceptional Construction Quality from Greenway Residential Development

Proximity to Major Highways

Contact Information

Caleb Troop Director P: 314.607.3481
O: 800.746.3175 ext. 725
caleb@capstone-companies.com
Austin Green Director P: 704.962.7454
O: 800.746.3175 ext. 701
austin@capstone-companies.com
Alex McDermott Partner P: 704.533.4865
O: 800.746.3175 ext. 700
alex@capstone-companies.com
Thomas Colaiezzi Investment Sales Advisor P: 901.603.8590
O: 800.746.3175 ext. 714
tcolaiezzi@capstone-companies.com
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