CHARLESTON, S.C., May 21, 2024
/PRNewswire/ -- Lakeland Capital, a Charleston, S.C.-based private, multifamily
investment company active in select East Coast markets, recently
announced a landmark past 12 months with $96
million of new acquisitions. Of that total, more than
$34 million in transactions took
place over the last three months alone.
With 461 total units, these transactions include multifamily and
commercial properties located throughout the Charleston metro region as well as in
Savannah, Ga., Richmond, Va. and Hampton, NH.
"We continue to believe there are great investment opportunities
in this market. Looking to the rest of this new year, Lakeland
Capital is poised to continue actively managing and growing its
portfolio with an unwavering focus on creating exceptional value
for investors," said Lakeland Capital Managing Partner Alexander R.
Westra. "We are incredibly grateful to our longstanding
relationships in these markets that allow us to identify and
execute these unique opportunities."
The following properties are included in the past year of
Lakeland Capital's portfolio expansion:
- Savan Pointe Townhomes East and
West; Savannah, Ga.
- The Retreat at Savannah;
Savannah, Ga.
- King Street Portfolio; Charleston,
S.C.
- Central Oaks Apartments; Summerville,
S.C.
- Country Club Apartments; Summerville,
S.C.
- The Parkwood; Richmond,
Va.
- Riverside Apartments; Richmond,
Va.
- Elaine Street Portfolio; Hampton,
N.H.
About Lakeland Capital
Headquartered in Charleston, South Carolina, Lakeland Capital
is a private, multifamily investment company active in select East
Coast markets. Founded in 2018, Lakeland Capital is a leader in
multifamily investment and management. With a growing investment
portfolio that includes more than 700 rental apartment units,
12,000+ square feet of commercial space, and more than $150 million in transactions, the firm seeks
high-risk-adjusted returns by investing in existing multifamily
assets through which it can add value with physical and operational
improvement. Lakeland Capital is setting the industry standard
through its long-term approach that creates a better place for
tenants to live while preserving capital and generating above
market returns for investors.
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SOURCE Lakeland Capital