Rowin Capital, Penny Lane Associates Buy $16M Multifamily in Johns Island Lisa McDuffie on March 7, 2023 at 2:26 pm – Robert Khodadadian

A partnership managed by Rowin Capital and Penny Lane Associates has acquired Forest at Fenwick, an 80-unit multifamily property located in the Charleston submarket of Johns Island, SC, for $16.3 million.

John Phoenix, Richard Gore and Tyler Fish of commercial real estate services firm Cushman & Wakefield‘s represented the seller, Southwood Realty/Triangle Real Estate, in the transfer to private firm Rowin Capital and Penny Lane Associates.

“Forest at Fenwick provided the buyer a proven value-add opportunity to capitalize on a well-maintained asset in a thriving Charleston submarket,” said Phoenix.

The 2005-constructed Forest at Fenwick is in area that is walkable to restaurants and grocers on Maybank Highway. The property includes swimming pool with sundeck, poolside gas grill, fire-pit, 24-hour fitness center, coffee bar and screened-in outdoor lounge.

The post Rowin Capital, Penny Lane Associates Buy $16M Multifamily in Johns Island appeared first on Connect CRE.

A partnership managed by Rowin Capital and Penny Lane Associates has acquired Forest at Fenwick, an 80-unit multifamily property located in the Charleston submarket of Johns Island, SC, for $16.3 million. John Phoenix, Richard Gore and Tyler Fish of commercial real estate services firm Cushman & Wakefield‘s represented the seller, Southwood Realty/Triangle Real Estate, in …
The post Rowin Capital, Penny Lane Associates Buy $16M Multifamily in Johns Island appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, properties, commercial real estate, real estate, daniel shirazi, real estate investment, new york real estate,

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