Boston Capital has invested in Grandview Apartments, a 72-unit development that is being built by apHumanities Foundation in Charleston, S.C.
The development will include 48 one-bedroom and 24 two-bedroom units in one three-story building. Grandview will serve seniors earning no more than 60 percent of the area median income.
Amenities will include a community room with a kitchen, a fitness center, a craft room, a card room, a common laundry facility, two computer systems, covered parking, a covered picnic area, and an on-site leasing office. All units will feature central air conditioning, ceiling fans, washer/dryer hook-ups, and sunrooms.
"The close proximity of senior-oriented services and facilities, convenient retail, public transportation, and social and recreational outlets contributes favorably to the desirability of Grandview Apartments,” said Jeff Goldstein, COO and director of real estate at Boston Capital.
The firm, a leading low-income housing tax credit syndicator, invested about $4.8 million in the development.