BLOG

Affordable upstate

Monument Capital Management sells Park West Apartments for $39M


Monument Capital Management, an integrated real estate investment firm based in Miami, Florida, has sold Park West Apartments in Greenville for $39 million to an unnamed buyer, the company announced Sept. 8.


The 359-unit apartment community at 357 Hillandale Road was purchased by MCM in 2016 and features:

  • 305 one- and two- bedroom garden style residences
  • 54 two-bedroom townhomes


After purchasing Park West in 2016, MCM also completed upgrades to the community’s unit interiors, amenities and common areas.


“Park West was an ideal acquisition which realized a significant internal rate of return for our investors,” said MCM president Erin Knight. “Our overall improvements to the property made it a win/win for residents and the community as a whole as well.”

For more information, mcmgmtllc.com.


*Original news article featured in The Upstate Business Journal, Sept 12, 2022 - linked here.

Diversify Your Portfolio with Commercial Real Estate Investments Opportunities

BECOME AN AU IMPACT INVESTOR!

MORE FROM THE BLOG

Revitalizing Naturally Occurring Affordable Housing (NOAH): A Value-Add Approach

May 27, 2025
Discover how revitalizing Naturally Occurring Affordable Housing (NOAH) in Upstate SC—like the Vista West III project—can deliver strong returns while preserving affordability. Learn why value-add renovations of Class B/C properties offer a smarter, more impactful alternative to new construction in today’s market.

Workforce Housing vs. Class A Apartments: Why “Affordable” Matters for Investors

By Mario Brown • May 21, 2025
Discover why workforce housing often outperforms luxury apartments in stability, rent growth, and long-term returns. This blog breaks down Class A vs. Class B/C multifamily and explains why “affordable” housing is a smart play for passive investors.
Stagflation is hitting working families

Bracing for Stagflation: 5 Ways We’re Supporting Tenants & Safeguarding Investments

By Mario Brown • May 5, 2025
Stagflation is hitting working families hard—rising costs, stagnant wages, and mounting pressure on household budgets. At Affordable Upstate, we’re not just watching from the sidelines. In this post, we share five key strategies we’re using to support our tenants and protect your investments during these challenging times. From flexible rent options to improved tenant screening, see how we’re staying resilient when it matters most.
VIEW MORE POSTS