The Planation Flats apartment complex in North Charleston, South Carolina has been picked up by Monument Capital Management, marking its first purchase in the state. The 222 unit community is comprised of garden style units and townhome apartments spanning 32 two story buildings. Amenities include a modern renovated clubhouse, resort-style pool, fitness center, resident summer / kitchen game lounge, laundry center and tennis court. The property rests across from Trident Technical College within four miles of Charleston International Airport and is situated within five miles of the large Navy and Air Force base, Joint Base Charleston. The asset will be managed by the firm’s sister company, Monument Real Estate Services. Terms of the sale were not disclosed.
“We are pleased with the addition of Plantation Flats, the firm’s first asset in Charleston, to our portfolio as it is an investment opportunity that aligns with our overall area growth strategy,” said Gregory Lozinak, CEO of Monument Capital Management. “We look forward to implementing our successful value-add program with this community and the residents we serve as we continue to expand our ownership footprint across South Carolina.”
