TRANTRTRANSWESTERN INVESTMENT GROUP SELLS 283-UNIT MULTIFAMILY COMMUNITY IN CHARLESTON, SCIO
(DECEMBER 3, 2024 – DALLAS) – Transwestern Investment Group (TIG®), on behalf of a separately managed account, announces the sale of Daniel Island Village, a 283-unit, Class A apartment community located at 455 Seven Farms Drive in Charleston, South Carolina. The property spans 16.4 acres in the highly sought-after, master-planned community of Daniel Island.
TIG acquired the asset in January 2021 and implemented a comprehensive capital improvement program to enhance long-term value. Renovations included upgrades to 258 residential units, modernization of interior elevator-served corridors, enhancements to exterior corridor lighting, complete repainting of building facades and common area corridors, and full exterior carpentry repairs—including HVAC platform replacements.
Located near Interstate 526 with convenient access to downtown Charleston, Charleston International Airport, and major regional employers, Daniel Island Village comprises 18 garden-style buildings and offers a robust amenity package, including a clubhouse, pool lounge with grilling stations, fitness center, business center, and scenic walking trails. With an average unit size of 1,055 square feet, the property provides a variety of floorplans suited to the area's affluent demographics.
ABOUT TRANSWESTERN INVESTMENT GROUP
Transwestern Investment Group (TIG®), a real estate investment adviser, seeks to provide value to institutional clients through what we believe to be compelling, thematic investment opportunities across property types and risk profiles within the United States. Part of the Transwestern companies, we have sourced and executed more than $7 billion of real estate investments to date in 26 markets.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Through offices nationwide, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.