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Greenville, SC Multifamily Trades for $48M

Located on a 26.5-acre site in the prestigious Verdae master-planned development, Velo Verdae is situated among 450,000 square feet of office space, 235,000 square feet of retail space and more than 200 businesses.

Velo Verdae, Greenville, SC Velo Verdae, Greenville, SC

GREENVILLE, SC—A partnership of New York City-based real estate investment firm Glenmont Capital Management, LLC and Arlington Properties, Inc. of Birmingham, AL has sold the Velo Verdae multifamily community here for $48 million.

The 262-unit Class A apartment community was developed by the venture in 2015. The companies, in a joint announcement, did not identify the new owner of the community. JLL SVP Andrea Howard of the brokerage’s Southeast multifamily team in Charlotte, NC represented the venture in the sale.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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