Overview
The Yachtsman
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INVESTMENT FEATURES
12
.
13
.
24
Acquisition Date
$
26
.
7
M
Transaction Size
17
.
79
%
Realized Gross IRR
1
.
53
x
Realized Gross Equity Multiple

The Yachtsman

Myrtle Beach, SC

Fund:

Fund IV

Type:

Multifamily

Size:

89,100 SF
159 Units

Key TenantS:

Address:

1304 & 1404 N Ocean Boulevard
Myrtle Beach, SC 29577

Transaction Details

Property Description

The Yachtsman is a 159-unit former timeshare resort on the beachfront in Myrtle Beach, South Carolina. The asset is comprised of two 8-story towers adjoining the Myrtle Beach Pier.

Given the area's high growth as a tourist destination, affordable housing has become increasingly scarce. As the first multifamily property on the beachfront in Myrtle Beach, the Yachtsman will revitalize the Pier area.

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