Berkadia facilitated the sale of Waterleaf at Murrells Inlet, a multifamily property in South Carolina, to Chaucer Creek Capital, highlighting its strong performance and future investment potential.

Information on the Target

Berkadia recently announced the successful sale and financing of Waterleaf at Murrells Inlet, a premier multifamily property located in Murrells Inlet, South Carolina. This expansive community consists of 240 garden-style apartment units and was constructed in 2018. The property features a range of unit types, including one-, two-, and three-bedroom apartments, with sizes varying from 726 to over 1,100 square feet. Each unit offers modern conveniences such as open-concept layouts, nine-foot ceilings, gourmet kitchens with granite countertops, and energy-efficient stainless-steel appliances.

Waterleaf at Murrells Inlet is designed with resident comfort and enjoyment in mind. The property includes sought-after amenities such as a premium fitness center, clubhouse with lounge and game room, dog park, saltwater swimming pool, outdoor entertainment area, and private garages, subject to availability. The community's location, situated on the southern edge of the Myrtle Beach metro area, provides convenient access to numerous employment hubs, recreational areas, shopping, and dining along the beautiful Grand Strand.

Industry Overview in South Carolina

The multifamily real estate sector in South Carolina has been experiencing consistent growth, fueled by a combination of population influx and economic development. The Myrtle Beach metro area, in particular, has become a magnet for n