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Acquisition of Ironwood Apartments

Graycliff Capital Partners, LLC Announces the acquisition of The Ironwood in North Augusta, SC

280- Unit Class AA Apartment Community in the walkable mixed-use Riverside Village of North Augusta.

Greenville, SC, July 23, 2019-Graycliff Capital Partners, LLC (“Graycliff”), a South Carolina-based real estate investment, development and management firm, announced the acquisition of The Ironwood Apartments. The Ironwood stands alone as the premiere, market leader of apartment assets in the area. The property is situated in North Augusta, SC, within the Augusta-Aiken, GA-SC MSA. The Property offers excellent walkability to the mixed-use Riverside Village, Greenway Trail, SRP Park, and scenic views of the Savannah River. The location provides convenient access to the Downtown Medical District, Medical University, and numerous employment hubs. Ironwood offers residents a newly constructed complex with unparallel, best-in-class amenities.

“Graycliff is very excited about investing in the North Augusta market and to be the proud new owner of the area’s nicest apartment community,” said Paul Aiesi, Partner at Graycliff Capital. “We have spent a lot of time in the market over the last 5 years trying to find the right opportunity, and this acquisition was the right one.”

The Ironwood Apartments features studio, one, two, and three-bedroom units ranging from 748 square foot one bedrooms and 1,394 square foot three bedrooms. Within each unit, residents will find:

  • 9’ ceilings
  • Granite Countertops
  • Stainless steel appliances
  • ‘Faux-Wood’ Luxury Vinyl or Plank Flooring

North Augusta, SC is known for its highly ranked schools, public parks and greenways, and a high quality of life. The property is situated near Interstate-20, approximately 76 miles southwest of Columbia, SC and 146-miles southeast of Atlanta, GA. The Augusta MSA is home to several corporate headquarters including EZ-GO Textron, Kimberly-Clark Corp., Bridgestone Tire, Cyber Command, and Fort Gordon.:

  • Resort-Style Saltwater Swimming Pool with In-Water Lounge Chairs
  • Clubhouse with Amenity Lounge
  • 24-Hour Fitness Center with Yoga, Cycling & On-Demand Fitness Program
  • On-Site Retail Store

“Graycliff is a multi-family development and investment company focusing within the southeastern and mid-Atlantic United States. Since 2010, Graycliff has acquired and developed more than 8,622 apartment units, executing approximately $1.3 billion in transactions. Graycliff’s core strategy is based on investing in areas with both established economic growth and high barriers to entry. Graycliff is passionate about supporting their local community as well as the communities they have acquired and developed property.

Related links: Graycliff Capital Partners

 

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