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California-Based Investor Buys Third Apartment Property in the Carolinas in the Past Seven Months

Capstone, IPA Arrange $49 Million Multifamily Sale in Greenville, South Carolina, to RK Properties
The 288-unit Vantage at Powdersville at 112 Hood Road in Greenville, South Carolina, was 97% leased at the time of sale. (CoStar)
The 288-unit Vantage at Powdersville at 112 Hood Road in Greenville, South Carolina, was 97% leased at the time of sale. (CoStar)
By Alicia Biggs
CoStar Research
June 7, 2021 | 6:35 P.M.

RK Properties, a sponsor of alternative private placements and 1031 exchange offerings founded by real estate investor Rance King in 1976, acquired its third apartment property in the Carolinas in the past seven months.

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News | California-Based Investor Buys Third Apartment Property in the Carolinas in the Past Seven Months