Conserve Holdings Announces Successful Closing of Spartanburg South Carolina Multifamily Portfolio

August 14, 2024

Conserve Holdings is pleased to announce the successful closing of our Spartanburg, South Carolina portfolio consisting of Townhomes at Spartanburg and Park Square Apartments. This achievement marks a significant milestone in our commitment to delivering exceptional value to our investors.

Conserve Holdings originally acquired the assets in early 2021 and completed a successful value-add renovation, resulting in an impressive 21% IRR for our investors. This outcome underscores our strategic vision and operational excellence in enhancing property value and performance.

“We are thrilled with the success of the Spartanburg portfolio and the value it has created for our investors,” said David Walkin, Partner at Conserve Holdings. “This accomplishment is a testament to our team’s dedication and expertise in executing value-add strategies.”

We extend our heartfelt gratitude to Greg Litvak of Highlands Vista Group for his expert execution of the acquisition. His leadership and commitment were instrumental in achieving this success, and we wish him continued success in his future endeavors. Additionally, we would like to thank Ricky Gore and John Phoenix of Cushman and Wakefield for their outstanding work in brokering the sale. Their professionalism and expertise played a crucial role in the successful transaction.

Conserve Holdings continues to operate other properties in the Greenville-Spartanburg area and remains bullish on the broader market. We have a robust pipeline for the year and are excited about the opportunities that present themselves. Conserve Holdings, a leading real estate investment firm specializing in the acquisition and management of multifamily properties nationwide, was founded by David Walkin and Steve Fuchs. With a focus on long-term value creation, the company leverages its expertise to identify and secure investment opportunities that deliver optimal returns for its investors.

Conserve Holdings is committed to building strong relationships, driving innovation, and contributing to the growth and success of the communities in which it operates.

Article link: https://yieldpro.com/2024/08/spartanburg-portfolio/

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Conserve Holdings, a leading real estate investment firm specializing in the acquisition and management of multifamily properties nationwide, was founded by David Walkin and Steve Fuchs. With a focus on long-term value creation, the company leverages its expertise to identify and secure investment opportunities that deliver optimal returns for its investors. Conserve Holdings is committed to building strong relationships, driving innovation, and contributing to the growth and success of the communities in which it operates.