Broad Creek And Springer Acquire Two More Multifamily Properties In The Southeast U.s.

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WASHINGTON, July 14, 2021 /PRNewswire/ -- Broad Creek Capital and Springer Capital recently expanded their joint portfolio of multifamily assets with the acquisitions of the Square at Forest Acres in Columbia, South Carolina and Tanglewood Apartments in Memphis, Tennessee. The total purchase price was $16.5M and the two properties together consist of 364 units. The acquisitions are the most recent investments in Broad Creek Capital's Enhanced Income Strategy, which seeks to provide tax-efficient high yield investment income via the acquisition and repositioning of underperforming multifamily properties throughout the United States. The portfolio currently totals over 530 units of multifamily real estate.

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