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Continental Realty Corp. has paid $44.5 million, or $268,072/unit, for the 166-unit Bristol at New Riverside apartment complex in Bluffton, S.C., near Hilton Head, S.C. The Baltimore investment manager bought the recently completed property, the former Madison New Riverside, through ...
Passco Cos. has paid $78 million, or $235,363/unit, for the 330-unit One Hampton Lake apartments in Bluffton, S.C. The Irvine, Calif., real estate investment company bought the property from Southeastern Co. in deal that closed on Sept. 10. It financed ...
95 percent occupied. The buyer financed its purchase with a $32.8 million loan from Nationwide Insurance. The property had been encumbered by a $17.3 million loan that was securitized through FREMF, 2012-K706.
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