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Sep 20, 2019

Northland Investment Corporation Enters Charleston Market

Leading multifamily firm expands national footprint with two top-tier acquisitions

NEWTON, MA  (September 19, 2019) – Northland Investment Corporation today announced its entry into Charleston, South Carolina with the acquisition of Wharf 7 and The Standard, two best-in-class luxury apartment communities, located in the highly-desirable communities of Daniel Island and James Island, respectively.

“Charleston is home to some of the country’s fastest-growing and most dynamic companies. The city’s exceptional quality of life and professional opportunities attract an educated millennial workforce that desires highly amenitized rental communities in prime locations,” said Matthew Gottesdiener, Chief Investment Officer at Northland Investment Corporation. “Wharf 7 and The Standard offer the best apartment living experience in the city in two of Charleston’s most desirable areas. Our acquisition of these two assets is just the beginning of our multi-decade commitment to Charleston and its residents.”

Wharf 7 is located in Daniel Island and offers 312 studio to three-bedroom apartments with best-in-class finishes. Residents can experience premium amenities that include a resort-style saltwater pool, poolside TV lounges and grilling stations, a hammock garden, a state-of-the-art fitness center with a separate yoga/spinning studio, community bikes, and an event lawn with a terraced outdoor amphitheater. Units have private patios or balconies, along with high-end features that include chef inspired kitchens, stainless steel appliances, quartz countertops, walk-in closets and built-in shelving and desks. The property also provides access to hundreds of acres of parks, which feature walking and bike trails, and its location offers close proximity to a vibrant downtown area filled with dozens of shops, restaurants, and entertainment options.

Located in James Island, The Standard offers 280 high-end apartments and resort-style living. Residents will enjoy a variety of amenities that include a saltwater pool with a tanning ledge and cabanas, picnic courtyard with grilling station and outdoor kitchen, a beautiful public courtyard, and low country inspired clubhouse. The units boast sleek, modern fixtures, with spa-inspired bathrooms and spacious walk-in closets. The property is also equipped with bicycle racks, pedestrian pathways and garage parking. Residents are within walking-distance from James Island County Park.

Charleston has become a top global destination with an expansive and diversified economy. With an influx of multinational companies and fast-growing startups moving into the city, the labor force has grown four times the national average. The diverse employment base combined with the highly efficient transportation system and state-of-the-art medical facilities has led Charleston to become one of the most highly sought-after cities to both reside and work in.