For over 30 years, Coldwell Banker Commercial Atlantic has been a trusted leader in the commercial real estate industry. Our team specializes in multifamily investment sales and insurance consulting across the Southeast and Nationwide.
Our Multifamily team has closed more than 1,500 units, totaling over $200 million in transactions, while our sister company, Ai Insurance, insures a multifamily portfolio valued over $300 million year over year.
This success is built on our deep local expertise, regional insight, access to a national network through CBC and other nationwide networking organizations, and long-standing relationships cultivated over decades in the Charleston market.
Elevated rates are putting pressure on multifamily debt coming due over the next few years. At the same time, the supply pipeline is thinning and absorption is picking up, and that's starting to push rent growth. A and B Class assets trade near a 5.4% cap rate, about 150 bps below borrowing costs, so today's buyers are betting on rent growth, not day-one cash flow.
| Market | Vacancy Rate | Annual Rent Growth | Sale Price / Unit | Cap Rate |
|---|---|---|---|---|
| Charleston | 8.5% | +1.5% | $162.5K | 5.6% |
| Hilton Head | 14.9% | -1.2% | $236.2K | 5.7% |
| Myrtle Beach | 10.3% | +0.9% | $191.1K | 6.2% |
| Greenville | 8.9% | +1.3% | $174.3K | 6.2% |
| Spartanburg | 11.2% | +1.5% | $144.9K | 6.1% |
| Columbia | 11.5% | +0.7% | $133.0K | 6.3% |
| Sumter | 7.6% | +3.8% | $108.3K | 7.2% |
| Florence | 7.8% | +0.9% | $100.1K | 7.3% |
I am an Associate with Coldwell Banker Commercial Atlantic, where I specialize in multi-family investment sales, as well as retail leasing and sales. I work with investors, owners, and developers to identify opportunities, execute strategic transactions, and maximize long-term value across their portfolios.
Originally from Charlotte, North Carolina, I bring a strong understanding of Southeastern markets and a relationship-driven approach to every deal. I earned my degree in Commercial Real Estate Finance from the College of Charleston, where I built a foundation in investment analysis, market research, and financial modeling.
My focus is on delivering clear, data-driven guidance while maintaining a high level of service and professionalism throughout each transaction. I take pride in helping clients navigate complex deals with confidence and achieving outcomes that align with their investment goals.
Elevated rates are the story this quarter. A lot of multifamily debt comes due over the next few years, and owners who financed at lower rates will feel that pressure at refinance. Higher debt costs keep pushing sale prices down and C Class cap rates up as pricing readjusts.
The other side of the ledger is getting better. The supply pipeline is thinning, absorption is picking up, and that combination is starting to drive rent growth. A and B Class rents run nearly even on studios and 3-bedroom units, while C Class and mobile home park rents sit well below them at every unit size.
A and B Class cap rates hold near 5.4%, about 150 bps below borrowing costs. Buyers at those prices are betting on rent growth, not day-one cash flow. Mobile home parks are the only class still trading above current interest rates.
| Market | Vacancy Rate | Annual Rent Growth | Sale Price / Unit | Cap Rate |
|---|---|---|---|---|
| Charleston | 8.5% | +1.5% | $162.5K | 5.6% |
| Hilton Head | 14.9% | -1.2% | $236.2K | 5.7% |
| Myrtle Beach | 10.3% | +0.9% | $191.1K | 6.2% |
| Greenville | 8.9% | +1.3% | $174.3K | 6.2% |
| Spartanburg | 11.2% | +1.5% | $144.9K | 6.1% |
| Columbia | 11.5% | +0.7% | $133.0K | 6.3% |
| Sumter | 7.6% | +3.8% | $108.3K | 7.2% |
| Florence | 7.8% | +0.9% | $100.1K | 7.3% |
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