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Investment Highlights

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  • Compelling Value Lifestyle with Rent Growth Opportunity in Charleston MSA: The Forest at Fenwick's rents sit significantly below those of its comparable properties on Johns Island & James Island, providing a competitive value to tenants and providing new ownership with the potential to implement substantial rent increases
  • Substantial NOI Growth Potential: Originally developed as a condominium, The Forest at Fenwick has exceptional floor plans. Modest interior renovations, the addition of on-site storage units, and narrowing the large rent differentials in the market could generate substantial gains in NOI
  • Strong Amenities Package: Forest at Fenwick features the following amenities:
    • Business Center
    • Clubhouse
    • Fitness Center
    • Pet Park
    • Swimming Pool
    • Poolside Grilling
    • Recreation Room
  • Proximity to Economic Drivers & Driven by Lifestyle: Located only 8 miles to Downtown Charleston, The Forest at Fenwick has a superior location within the market. The surrounding immediate neighborhood has high barriers to homeownership with recent home sales ranging between $250k to $1.0M
  • Positive Supply & Demand Fundamentals of Local Economy: The city of Johns Island plans to turn the stretch of Maybank Highway adjacent to the property into a downtown area, while a moratorium has been placed on all large apartment projects in the surrounding area 
  • Charleston is America's Best City: Travel + Leisure ranked Charleston #1 for "Best City in the U.S." and #2 for "Best Cities in the World". Charleston also impressively ranks in the following categories:
    • #4 for "Best Mid-Size U.S. Metro for Jobs" (Forbes)
    • #5 for "Best City to Start a Business Right Now (Inc.)
    • #4 for "Most Fun Places to Live in the U.S." (U.S. News & World Report)
    • #22 for Job Growth (Forbes)
  • Impressive Charleston Job Growth: Charleston's 3.2% job growth in 2016 ranks in the Top 25 nationally, anchored by some of the area's largest employers including Joint Base Charleston (22,000 jobs), Medical University of South Carolina (13,000 jobs), & Boeing South Carolina (8,000 jobs)

The Forest at Fenwick

Charleston, SC
80 Units

Currently Under Contract
Confidentiality Agreement

Property Flyers and Confidentiality Agreements can be viewed for general information. To view property financial documents, please complete the Confidentiality Agreement. You will receive instructions via email on how to access the information.