Commons at Fort Mill
Strategy: Multifamily Value Strategy
Commons at Fort Mill is a 144-unit, Class B+ apartment community located in Fort Mill, South Carolina, which is a submarket of Charlotte, NC. The property is located in one of the top two counties for job growth, as ranked nationally by Bureau of Labor Statistics as of September 2018.
The property was constructed in 2009 and its units have modern, functional layouts with 9 foot ceilings, washer and dryer connections and white kitchen appliances. Rincon plans to renovate all 144 units to provide a more modern look and feel, which will include new washer/dryer appliances, stainless steel kitchen appliances, granite countertops, faux-wood flooring throughout the units, painting and refinishing the cabinets, and new plumbing and lighting fixtures. In addition to the unit upgrades, Rincon also plans to complete an exterior value-add program which includes new pool furniture, adding built-in grills to the pool deck, and updating the fitness center and clubhouse.