ATLANTA & CHARLESTON, S.C. – March 8, 2019 – Berkadia announced today the sale of Canterbury Apartment Homes, a 630-unit garden-style multifamily property in Myrtle Beach, South Carolina. Managing Director Mark Boyce and Associate Director Blake Coffey of Berkadia’s Charleston, South Carolina office along with Senior Managing Directors Andrew Mays and Paul Vetter of the Atlanta office led the transaction on behalf of the New York-based Seller. Senior Managing Director Richard Levine of Berkadia’s Atlanta team arranged the financing on behalf of the Buyer. The deal closed on March 5.

“We’re excited about this transaction,” said Boyce. “It further emphasizes the demand we’re seeing in the Carolinas and specifically Coastal Carolinas. Canterbury offers our Buyer many opportunities to grow NOI and take advantage of this sought-after sub-market.”

Located at 4636 Canterbury Drive, Canterbury Apartment Homes features one- and two-bedroom floor plans with large closets, high ceilings, dishwashers and private balconies or patios. Community amenities include a dog park, a picnic area, an outdoor grilling area, a business center, a fitness center, a pool and a yoga studio. The property affords convenient access to the restaurants and shops along Carolina Forest Boulevard and Ripley’s Aquarium.