Fairfield Acquires the Apartments at Shade Tree on Desirable Johns Island, SC

The Acquisition Expands Fairfield’s Footprint in the Charleston Metro Area

SAN DIEGO, CA – September 3, 2024 – Fairfield recently closed on the acquisition of The Apartments at Shade Tree, a 248-apartment housing community offering a mixture of one-, two- and three-bedroom floor plans and the unique opportunity for residents to live on the highly desirable Johns Island in the Charleston MSA with the conveniences of a luxury complex.

“We are thrilled about the opportunity to acquire another asset in Charleston, especially in one of the most supply-constrained locations in the submarket,” said Acquisitions Officer Daniel McArthur. “The attractive assumable financing propelled the deal, which fit very well with our core plus strategy. Intended to be a long-term hold, this asset will benefit from its adjacency to two mixed-use districts in the well-established Maybank commercial corridor, which includes 150,000 square feet of retail, office and flex space, and a soon-to-be built 50-bed hospital.”

The Apartments at Shade Tree is not only an attractive asset from an investment perspective, but the acquisition aligns with Fairfield’s goal to provide better living for residents. The community offers modern apartment homes with durable wood-style flooring and beautiful finishes. The many thoughtful amenities include a 24-hour fitness center, a saltwater pool with resort-style sun deck, garage and reserved parking options, courtyards with seating, grilling areas, lawn games, and a two-mile paved outdoor trail surrounding the community. The pet-friendly community also includes a dog park for pet residents.

Now leasing online and in person, The Apartments at Shade Tree offers the luxury of apartment living with the chic coastal lifestyle of Johns Island and connectivity to greater Charleston. Visit ApartmentsatShadeTree.com to schedule a tour or begin the leasing process.

About Fairfield

Fairfield is a leading owner, developer, and operator of multifamily communities throughout the U.S. We manage approximately 43,600+ units nationwide across luxury new construction, renovated apartment homes, and tax credit affordable housing in urban and suburban neighborhoods. We offer a fully integrated national multifamily services platform providing development, construction, renovation, asset and property management, and acquisition and disposition services to our investors. Fairfield operates nationwide, with regional offices in Atlanta, Boston, Dallas, Denver, and Washington, D.C. Fairfield Realty Advisors LLC is registered as an investment adviser with the U.S. Securities and Exchange Commission.

For more information, please visit our website at FairfieldResidential.com or contact: