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The Magnolia

Charleston, SC

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Number Of Units

312

Acquisition Price

$51,800,000

Acquisition Date

December 30, 2021

Hold Period

4 years

Project Level Projected IRR
Project Level Projected EM

Property Photos

A sunny outdoor pool area with several lounge chairs, surrounded by a fence and trees, with houses in the background under a blue sky.
Outdoor barbecue area near a residential pool with a pergola, grill, and seating under sunny skies, surrounded by palm trees and apartment buildings in the background.
A sunny day in a parking lot with sparse trees, fronting a series of two-story, modern townhouses and an apartment complex under a partly cloudy sky.
Two-story residential building with gray upper and white lower facade, and orange doors. empty parking spaces in the foreground, trees and a clear sky in the background.
A modern two-story building with gray siding under a blue sky, flanked by palm trees, featuring large windows and a centrally located entrance marked by a green door.

Investment Highlights

The Magnolia consists of 312 one-, two-, and three-bedroom apartment units averaging 954-square feet. ​The property is 72% classic units providing a mostly blank canvas for Trion to implement high-end interior renovations in addition to exterior improvements.

The community is comprised of 22 two-story wood-framed buildings, as well as a pool deck with BBQ grills and cabanas, a fitness center, and on-site laundry facilities.​ Approximately half of the units are townhome style.

The Property is well located on the east side of the West Ashley submarket, less than a 10-minute drive from downtown Charleston and the Charleston airport; the two largest employment centers in the MSA. West Ashley is one of the fastest-growing submarkets in Charleston.

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An accredited investor must meet one of the following: 1) An annual income of at least $200,000, or $300,000 when combined with spouse’s income; 2) Holds a valid Series 7, 65, or 82 license; 3) Has a net worth of >$1 million, excluding value of a primary residence.


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