Trade Street Residential Acquires Aventine Apartment Complex


Aventura, Fla.-based Trade Street Residential, an owner and operator of apartment communities located primarily in the Southeast, announced Thursday that it purchased The Aventine Greenville apartments for $42 million.

The newly constructed, 346-unit Class A apartment community is located at 97 Market Point Drive, adjacent to the Millennium Campus. The apartments consist of one-, two- and three-bedroom apartment homes with full-sized kitchens, built-in microwaves, granite countertops, walk-in closets, vaulted ceilings, private balconies/sunroom options and a full-sized washer and dryer. Its amenities include a Wi-Fi Cafe, fitness facility, pet park, business center, resort-style pool with cabanas, and a pool pavilion.

“This luxury property establishes our presence in Greenville, S.C., a rapidly expanding commercial center in the Southeast, and furthers our goal to modernize our portfolio,” said David Levin, president and vice chairman of Trade Street Residential. The company obtained a mortgage of $21 million and used a portion of the cash received from its recently closed rights offering to fund the purchase price. The property is currently 76 percent leased.

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