Argyle Real Estate Partners, a Tampa-based real estate investment firm focused on multifamily acquisitions in the Southeast and Texas, announced the closing of Newbrook Point Hope, a 264-unit community in the Daniel Island submarket of Charleston, South Carolina.
Opened in 2021, Newbrook offers studios, and one-, two- and three-bedroom apartments with floorplans averaging over 1,000 square feet. The property’s amenity suite includes a full-service clubhouse, a resort-style saltwater pool, a pickleball court, fitness center, a dog park and community trails for walking, biking, and running. Downtown Charleston is a 25-minute drive from the site.
The acquisition marks the company’s first in the Charleston market. The financial terms of the deal were not disclosed.
“Argyle is pleased to tap into unchartered territory and close out the year with the acquisition of Newbrook,” said Ryan Reyes, CEO for Argyle Real Estate Partners. “Given its location and accessibility, the mint condition of the asset, and the development planned for the area, which we believe will help spur future growth, we’re confident that Newbrook will be one of our standout properties.”
;
