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Woodside Apartments

DBC Real Estate Management acquired Woodside Apartments, along with two other large apartment properties, as one of its first acquisitions in the Upstate region of South Carolina.  Woodside Apartments is a 122–unit townhouse property located in the older, long-established community east of downtown Spartanburg.  DBC Real Estate was able to structure acquisition of the property upon favorable terms due to DBC’s ability, as an approved Freddie Mac borrower, to assume the existing Freddie Mac loan and to keep transactions costs to a minimum.

Woodside Apartments is located on a major local artery with strong visibility and is surrounded by well established single family communities.  The surrounding housing stock and neighborhoods are in excellent condition and newer, more expensive housing developments continue to be completed close to the property.  The property is located close to the major regional retail center, schools, hospitals and other services.  Woodside Apartments enjoys a wooded setting and the property includes a clubhouse.  

DBC Real Estate recognized the stability of the area and the desire of young families in the market for two bedroom townhouses close to schools and services.

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