Cheslyn Place is a newly constructed Build-to-Rent community with 49 Duplexes, all 3 beds, and 2.5 baths, with a one-car garage. The construction was completed in July 2022. This property is located in Inman, SC, within Spartanburg County, only 15 minutes to downtown Spartanburg and 35 minutes to downtown Greenville. With easy access to both I-85 and I-26, this location is desirable for anyone wanting to work and live in the Greenville/Spartanburg Metro.
Inman is a growing community with a small-town Southern charm. It has the benefit of being located in one of the fastest growing counties in the country. According to GoodHire, Spartanburg is among the top 10 places to live and work in the nation and is ranked second for growing job markets. Approximately 15 people per day are moving to the county. Driving this tremendous growth is the Is large number of companies moving to the county for its competitive location, infrastructure and existing assets.
In 2021, One Spartanburg, Inc. landed 44 economic development projects on behalf of Spartanburg County and the City of Spartanburg, resulting in $1.9 billion capital investment and 4,045 new jobs. In addition, Upstate SC Alliance announced that 85 companies have established plans to invest $2.5 billion to create 8,941 jobs across the Upstate region, here are just a few of the projects.
Our team has a combined 20+ years of experience and has closed deals worth $800+ million. We have the subject matter expertise, key relationships, and proven track record to execute huge profitable deals.
We encourage our employees to take risks and seek out new opportunities in order to achieve maximum success. We also seek to foster an atmosphere of respect and empowerment for all our employees.
We are a team of opportunistic investors who use our deals to create long-term wealth. We leverage our investments and create sustainable cash flow, limiting our risk.
Closing a deal is challenging, but executing the business plan is even more difficult. Those who have persevered to achieve their goals have done so through perseverance and persistence.
A low cost of living is one of Spartanburg’s primary advantages over other similarly-sized areas and contributes to its appeal as an inviting destination for living and working.
Spartanburg is home to excellent education systems that bring significance to the area.
Located at the heart of the Charlotte-Atlanta corridor and in the foothills of the Blue Ridge Mountains, Spartanburg provides a wealth of outdoor recreational activities, including biking, hiking, boating, fishing, sightseeing, and so much more.
Spartanburg’s pro-business climate provides a dynamic mix of incentives, workforce development programs, and a network of resources designed to give businesses a competitive advantage in the global marketplace.
We see one great deal every 100 deals that come across our desk. We have strict underwriting guidelines, so we can act swiftly when the right opportunity comes along.
We generally focus on more high-value deals, but we will sometimes come across stabilized deals that have lower risk.
Can we increase the NOI, which will increase the value of the property? For example, current rents are below market rents due to unit quality. Can we rehab the units and increase rents?
Brokers often provide buyers with financial projections (proformas) as if they were today’s numbers. We verify the information and base our analysis and offer on ACTUAL figures.
We analyze the deals submarket to understand the trends for rental prices.
After considering all of the aforementioned factors, we come up with a Maximum Allowable Offer (MAO), which is the maximum amount we can pay to acquire the deal.
CEO
COO
Director of Asset Management