Rock Hill, SC, August 14, 2025
News Summary
Northmarq has successfully facilitated the sale of the Courtyard at Highland Park, a senior living community in Rock Hill, for $6.3 million. Comprising 116 units, this historic property located at 923 Standard Street underwent significant renovations from a 19th-century mill to modern senior housing. The transaction involved various brokers and reflects the ongoing demand for affordable senior living options. Northmarq continues to highlight its expertise in commercial real estate, ensuring vital community needs are met.
Rock Hill, SC – Northmarq has successfully completed the sale of the historic Courtyard at Highland Park, a senior living community in Rock Hill, for $6.3 million. The sale was finalized by Northmarq’s Charlotte Multifamily Investment Sales team, led by Ron Corrao.
The property features a total of 116 units and is located at 923 Standard Street in Rock Hill, South Carolina. Northmarq represented the seller, Landmark Property Management, while also procuring the buyer, Eastside Equities LLC. The transaction involved other brokers, including Eric Liebich, Dane Lozier, Matt Weinstein, Scott Fuller, and Dominic Bologna.
The Courtyard at Highland Park is notable for its rich history and commitment to affordability. Originally built in 1902, the property underwent renovations utilizing tax credits, converting a 19th-century mill into modern senior housing. It is situated within the refurbished Highland Park Mill complex, which dates back to the 1800s.
Key features of the community include a wellness center, three courtyard areas, a community room, on-site laundry access, off-street parking, acceptance of Section 8 vouchers, and an on-site transportation bus. The property is conveniently located near shopping venues and is just a short distance from downtown Rock Hill, making it an attractive living option for seniors.
Northmarq, a leading provider of capital markets resources for commercial real estate investors, boasts a comprehensive loan servicing portfolio exceeding $78 billion and a three-year transaction volume totaling $69.5 billion. The company offers various services including debt, equity, investment sales, loan servicing, and fund management, all aimed at assisting clients in property transactions and investment opportunities.
About Courtyard at Highland Park
The Courtyard at Highland Park stands out due to its thoughtful approach in combining history with modern living, providing residents with a unique vintage experience while ensuring affordability. With modern amenities, it not only celebrates its past but is also equipped to meet contemporary needs.
Importance of the Sale
The sale of the Courtyard at Highland Park reflects ongoing trends in the senior living market, where there is a growing demand for affordable and accessible housing options for elderly individuals. Such communities play a vital role in enhancing the quality of life for seniors by providing necessary amenities and supportive services.
Conclusion
This transaction accentuates Northmarq’s expertise in the commercial real estate arena, showcasing its ability to facilitate important property sales that serve the community’s needs. The Courtyard at Highland Park will continue to be an integral part of Rock Hill’s history while catering to future generations of seniors.
FAQ
-
What is the sale price of Courtyard at Highland Park?
The sale price was $6.3 million. -
Who completed the sale of the property?
The sale was completed by Northmarq’s Charlotte Multifamily Investment Sales team. -
How many units does Courtyard at Highland Park have?
The property features a total of 116 units. -
What year was the original building constructed?
The building was originally constructed in 1902. -
What kind of amenities does Courtyard at Highland Park offer?
Amenities include a wellness center, courtyard areas, a community room, laundry access, and more.
Chart of Key Features
| Feature | Description |
|---|---|
| Sale Price | $6.3 million |
| Number of Units | 116 |
| Original Construction Year | 1902 |
| Amenities | Wellness center, community room, courtyard areas, laundry access |
| Location | 923 Standard Street, Rock Hill, SC |
| Property Type | Historic Senior Living Community |
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- Northmarq – Courtyard at Highland Park Sale
- Wikipedia: Senior Living Communities
- Herald Online – Business Article
- Google Search: Rock Hill Senior Living
- Columbia Business Report – Management Change
- Encyclopedia Britannica: Retirement Communities
- WSOC TV – Rock Hill News
- Google News: Seniors Living in Rock Hill
- Legacy – Gayle Hadley Obituary
- Google Scholar: Affordable Senior Housing
