Fountain Inn’s Foxchase Development Sold for $41 Million – Build for Rent
Build for rent continues and bigger and bigger investment firms, partnerships and REITs are interested in acquiring these neighborhoods. No doubt Wall Street hedge funds and partnerships are also acquiring these rental neighborhoods.
Here’s the story about Foxchase being sold for $41 million in the Upstate Business Journal. Haven Realty Capital out of Los Angeles has partnered with Plymouth Meeting, PA based CenterSquare Investments to acquire this asset. The home builder is Crescent Homes out of Charleston, SC.
About The Author
John Murphy
Husband of 34 years to my college sweetheart, Janet Murphy (@janetmurphydesign on Instagram). Together we have 6 wonderful children from ages 15-31 and 5 grandchildren. I’ve been a licensed REALTOR since 2003 and broker since 2007. I also am a cost segregation specialist helping building owners and real estate investors maximize their tax deductions, save thousands on their income taxes and increase their cash flow. If you’re a building owner you probably haven’t done a study…let’s connect. There is no obligation. We can run an estimate for you and really every building should be evaluated if the basis is over $150,000. I can work all over the country and not just here in the Upstate. We relocated to Greenville, SC for the lifestyle, lower cost of living, amazing amenities in the area and the growth opportunity for business and real estate. We absolutely love it here!
All opinions are expressly my own and do not represent either eXp Realty LLC, Cost Segregation Services, Inc. or any other company, organization or group that I might be affiliated with.