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Multifamily Investment Update: Foxcroft Apartments One Year Post Acquisition

Identify: Foxcroft Apartments Investment Highlights Our firm acquired Foxcroft Apartments in August of 2016. The 226 unit complex is located in the Statesville, North Carolina submarket and it was built in two phases (1974 & 1985). Foxcroft Apartments has an attractive floorplan mix ranging from 1 BR to 3 BR garden and townhome units. The property […]

MACC Venture Partners Acquires 168-Unit Multifamily Community in North Myrtle Beach, South Carolina

FOR IMMEDIATE RELEASE Contact:  Tony Azar – tony@maccvp.com     John Azar – John@maccvp.com   (704) 861-1056 Gastonia, N.C. (August 1st, 2017) –  MACC Venture Partners, through a partnership with Legacy Capital Partners close on its newest multifamily acquisition of a 168-unit Garden apartment community called Summer Chase Apartments. The property is located in Horry County, part of […]

6 Reasons Class B & C Apartments Are a Home Run Investment

Roughly 80% of the new supply of the 363,000 apartment units to come online in 2017 are in the Lifestyle segment. In April, Yardi Matrix reported “Demand in many metros is driven by middle-class renters,” who can’t afford the high price of luxury apartments. A recent Multifamily Executive article said these properties tend to offer […]