Download Offering Materials: Brookside Crossing
Capstone Apartment Partners is pleased to present Brookside Crossing, a 162-unit, 2009 vintage, garden-style apartment complex located in Columbia, South Carolina. Brookside Crossing represents a rare opportunity to acquire an affordable property with 150+ units in South Carolina, allowing for greater economies of scale and a significant footprint in Columbia’s affordable asset market. Placed in service in 2010, the property is in the LIHTC program and was financed with tax exempt bonds. Participation in this program ensures investors will be acquiring a high-quality asset that meets the strenuous criteria to be eligible for tax exempt bonds. Brookside Crossing features a mix of one and two-bedroom units restricted to 60% of the area median Income and features a full suite of amenities, a rarity among affordable properties in South Carolina. Additionally, the property is centrally located to I-77, I-20, and SC-277, three of Columbia’s major thoroughfares, providing residents access to all the major economic demand drivers in the Columbia MSA.
Investment Highlights:
Below Max Allowable Net Rent
Rare Fully Amenitized Affordable Property
Exceptional Construction Quality from Greenway Residential Development
Proximity to Major Highways
