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Pair of New York-Based Investors Buy South Carolina Apartment Portfolio

Arch Cos., Drake Purchase 672-Unit Portfolio in $38.3 Million Sale
Mallard Pointe Apartments, one of four workforce rental apartment properties acquired in Columbia, South Carolina, by the Arch Cos. and Drake Real Estate Partners. (CoStar)
Mallard Pointe Apartments, one of four workforce rental apartment properties acquired in Columbia, South Carolina, by the Arch Cos. and Drake Real Estate Partners. (CoStar)
By Alicia Biggs
CoStar Research
May 14, 2021 | 9:22 P.M.

A partnership between New York-based Arch Cos. and Drake Real Estate Partners has acquired a four-property portfolio of garden-style apartments in Columbia, South Carolina, totaling 672 units.

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