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South Carolina Apartment Investor Taps Coastal City in Neighboring State for Latest Deal

Market's Vacancy Has Risen With New Construction, Rent Growth Stalled

A South Carolina investor bought the Riverwood Apartments in Wilmington, North Carolina. (CoStar)
A South Carolina investor bought the Riverwood Apartments in Wilmington, North Carolina. (CoStar)

A South Carolina investor scored a new apartment property in a neighboring state’s coastal city where rent growth has slowed and vacancy is rising as new construction adds more units.

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