Hampton Greene & Hampton Crest

Hampton Greene & Hampton Crest

Anderson, SC
Under Contract
  • Property Type: Apartments
  • Year Built : 2011
  • Property Size: 146,840 SF / 136 Units

Overview

Capstone Apartment Partners is pleased to present Hampton Greene & Hampton Crest, a 136-unit LIHTC garden-style apartment complex located in Anderson, South Carolina. Comprised of two connected properties, Hampton Greene (72 units) & Hampton Crest (64 units), represents a rare opportunity to acquire an affordable property with 100+ units in South Carolina, allowing for greater economies of scale and a significant footprint in the affordable asset market in Anderson. Placed into service in 2011, both properties were developed with funds from the 1602 Tax Credit Exchange Program. Participation in this program ensures investors will be acquiring a high-quality asset that meets the strenuous criteria to be eligible for the development funds. Hampton Greene & Crest feature spacious one-, two-, and three-bedroom floorplans with quality interior finishes and numerous amenities throughout the properties. Additionally, the properties are ideally located just outside of downtown Anderson near the area's significant economic demand drivers.

Investment Highlights

  • NOI Upside with Contract Rent Increases in Line with Max Allowable Net Rents
  • Rare, Fully Amenitized Affordable Asset
  • Exceptional Construction Quality from Greenway Residential Development 

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
Rhodes Marley Investment Sales Advisor P: 704.840.5927
O: 800.746.3175 ext. 736
rhodes@capstone-companies.com
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