Northmarq Negotiates Sale of 350-Unit Apartment Community in Greenville, South Carolina
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Austin is working through a multi-year supply digestion in both multifamily and office. Land values east of I-35 continue to hold despite slower entitlement activity. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The sixth Austin story tracked on the wire in November 2026. All Austin coverage →
- Disclosed multifamily deal value tracked in November 2026: $10.9B across 41 reported transactions. All Multifamily coverage →
- 53 stories mentioning Northmarq on the wire in the past 90 days. Northmarq coverage →
Computed from Real Estate Trail’s own tracked coverage
GREENVILLE, S.C. — Northmarq has negotiated the sale of South Ridge, a 350-unit apartment community located at 823 S. Church St. in Greenville. Andrea Howard, John Currin, Austin Jackson, Jeff Glenn and James Dorsett…
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