Cove Property Management, Advantage Properties and CWCapital Asset Management today announce their partnership to acquire River Oaks Village, a 190-unit, Class A apartment community in North Myrtle Beach, S.C., for $48.5 million. Cove will assume management of the property.
Located in Little River, 25 miles north of Downtown Myrtle Beach, River Oaks Village is situated near miles of coastal beaches along the Atlantic Ocean. The property is a short distance to waterfront dining and shopping destinations as well as grocery and convenience store options. Adjacent to Highway 17, residents are easily connected to the area’s ample golf courses and resorts, Myrtle Beach International Airport and several dining, shopping, and entertainment destinations along the coast.
Completed in 2019, River Oaks Villages includes single story cottage-style units with large floor plans and connecting one- or two-car garages, offerings that are unique to neighboring communities. The property features a well-appointed amenity set, including a clubhouse, fitness center and a swimming pool with a sundeck.
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