Capstone Apartment Partners is pleased to present the 2022 Multi-Family South Carolina Expense Survey Report. We want to give a special thanks to all the property owners and managers who placed their trust and confidence in us to provide this report. The best investment decisions are made based on a thorough understanding of the facts; ultimately, the more facts you can verify, the more you reduce your risk. This report aims to provide greater insight into the financial aspect of multi-family investments and operations, placing key operating metrics at your fingertips. Although this report is valuable, there is no substitute for thorough due diligence and market experience. This report should only be used as a tool, not as a standard by which operating metrics should be set. We hope this report will assist you in making better investment and management decisions, specifically in the South Carolina market.

This report provides operational data and represents 120+ apartment communities, consisting of 20,600+ units and covering 20+ million square footages. The parameters used for the data selection include properties comprised of 50 units or more within the South Carolina market, excluding all low-income housing (i.e., tax credit) properties. While these averages are representatives of a select pool of survey participants, the average expense information and trends are typically consistent across the market. The data compiled in this report is based on actual profit and loss statements provided from owners.