Villas at Lawson Creek
Matheson Capital is acquiring Villas at Lawson Creek, a 202-unit apartment complex located in Boiling Springs, SC, a part of the Greenville-Spartanburg MSA. The property was built in 2009 and is spread across 16.81 acres.
Projected IRR
21.2%
Projected Cash-on-Cash
7.13%
Acquisition Date
Jun 18, 2026
Location
Background
Villas at Lawson Creek is a 202-unit garden-style apartment property located in Boiling Springs, SC, within the rapidly growing Greenville-Spartanburg MSA. Upstate South Carolina is projected to grow at a rate of 28 residents per day. Favorable supply-demand dynamics support the asset, as regional construction starts are falling and there is currently only one other market-rate apartment complex under construction in Spartanburg County.
Business Plan
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