Haven Pointe at Carolina Forest
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Haven Pointe at Carolina Forest
Myrtle Beach, SC
Under Contract
- Property Type: Apartments
- Property Size: 313,058 SF / 18.97 Acres / 304 Units
Overview
Capstone Apartment Partners is pleased to present Haven Pointe at Carolina Forest: a brand new, Class A, garden-style community with 304 units in Myrtle Beach—one of the nation’s fastest growing markets. Conveniently located nearby US-17, US-501, and SC-31, residents can easily access all of Myrtle Beach’s premium retail and amenities, as well as major employers. The property offers new ownership the opportunity to purchase a core asset well below replacement cost in a market with limited supply compared to a population that has grown three times the national average in recent years. Along with outsized population growth comes a job market that is expected to outpace new deliveries by 26:1 in 2021 and 2022; thus, priming the Myrtle Beach market for 10% rent growth through 2024. Nearing completion of a strong lease-up period averaging 20-30 move-ins a month, Haven Pointe is poised to continue proven, robust rent growth on the next generation of leases, driven by favorable demographics and a growing demand for Class A product.
