Cushman & Wakefield’s Alex McDermott, Austin Green, Charlie Gravina, Paul Marley and Rhodes Marley represented ownership. Hamilton Point Investments acquired the property.
“Willows at Grande Dunes represents a premier multifamily asset, delivered with top-of-market finishes and thoughtful amenity design,” said Alex McDermott, Executive Managing Director with the Sunbelt Multifamily Advisory Group. “With much of the development pipeline now behind us, we’re seeing performance improve market-wide. Hamilton Point’s acquisition positions them to benefit from this positive momentum and capitalize on continued renter demand in this desirable coastal location.”
This institutional asset is located in the fastest growing region in the country, Myrtle Beach, S.C., strategically located alongside U.S. Highway 17. Built in 2023, the community is in the sought-after Grande Dunes neighborhood, providing residents with seamless connectivity to major employment centers and retail. Residents continue to migrate to Myrtle Beach due to the low cost of living, highly ranked school districts, accessibility and the vibrant culture and entertainment. The immediate area surrounding the property boasts long-term fundamentals, including skyrocketing home values (135% increase in mortgage payments), blue-chip demographics ($151K+ avg. household income), and 79,000+ jobs within a 25-minute drive.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is an 85-person investment sales team covering 14 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2024, the group closed $5 billion in sales volume through 172 deals and 28,000 units. For more information about the Sunbelt Multifamily Advisory Group, visit https://multifamily.cushwake.com.