The Opportunity
A 33-unit property, poorly managed and half-empty
Pinedale is a 33-unit community in Sumter, SC. When we acquired it, the property was poorly managed and in rough shape — barely half the units leased and rents well below market.
Good bones, bad operations: exactly the kind of value-add we look for.
What We Did
Remodeled every unit, then filled the building
Acquired all 33 units in Sumter, SC
Completed a full value-add rehab across every unit
Repositioned rents to market
Leased from 14 of 33 units to 100% occupancy (December to May)
Construction finished; property stabilized, pending permanent financing
Took over day-to-day management in-house
The Result
From half-empty to fully leased
A fully renovated, fully occupied community — turned around and stabilized in a single lease-up season.
33
Units renovated
100%
Occupancy (Dec → May)
19
Additional units leased (14 → 33)
Have a property that's underperforming?
Pinedale started as 33 poorly managed, half-empty units in Sumter. If you own multifamily that isn't living up to its potential — or you want to invest alongside deals like this — let's talk.