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

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