Beach Real Estate Funds (BREF), an affiliate of The Beach Company, announces its acquisition of Ryder Junction Apartments, a newly constructed, garden-style community in Greer.

Built in 2023, Ryder Junction Apartments is located within the vibrant Greenville, S.C.metropolitan area and marks the third investment for Beach Investment Fund II, joining properties in Charlotte, N.C., and Orlando, Fla.

The property offers a fresh standard for comfortable, quality living.  Featuring 264 spacious one-, two- and three-bedroom floorplans, the community offers an extensive range of modern amenities, including a resort-style pool, a cutting-edge fitness center and outdoor social spaces with firepits and grilling stations. Its convenient location ensures easy access to major economic drivers such as BMW and Greer Inland Port, as well as proximity to downtown Greenville, making it an attractive choice for residents seeking a variety of employment and entertainment options.

“BREF’s investment in Ryder Junction Apartments underscores our dedication to acquiring and managing high-quality communities in flourishing markets. The Greenville MSA has been a high-priority market for our team, and this investment provides a meaningful combination of balance and upside to our portfolio,” said Ward McCarthy, Director of Portfolio Management for Beach Real Estate Funds. “Ryder Junction is positioned to capitalize on the demand generated by regional job growth and the Interstate 85 manufacturing corridor. The property’s exceptional quality and amenities should continue to make it a standout option for residents prioritizingmodern luxuries in close proximity to in-demand jobs.”

“Acquiring Ryder Junction Apartments at an attractive basis is a testament to our team’s ability to uncover value in high-growth markets. This property not only strengthens our portfolio but also provides residents with a living experience that reflects the best of modern apartment living,” said BREF’s Acquisitions Manager Darby Parker. “With limited area supply on the horizon, we believe this community is well-positioned for success.”

As a strategic addition to Beach Investment Fund II, Ryder Junction Apartments embodies BREF’s dedication to long-term value creation and operating properties that meet the needs of today’s renters.

“The Beach Company has been active throughout the Greenville market for decades, and hasnotably partnered with this general contractor on other regional ground-up projects,” said The Beach Company’s Chief Operating Officer Dan Doyle. “Ryder Junction is a reflection of the exceptional work that they and this developer deliver, and we are excited to build upon their efforts as we further position the property for long-term success.”

Northmarq‘s Andrea Howard and John Currin facilitated the sale on behalf of the seller, and Northmarq’s Debt and Equity platform, led by Grant Harris and Faron Thompson, facilitated the Fannie Mae financing.