News Summary
Berkadia has announced the successful sale of The Cottages at Alex Patterson Place, a Class A rental community in Hilton Head Island, featuring 14 cottage homes. The sale reflects ongoing trends in the real estate market, particularly in prime locations sought after by investors. The community’s unique ‘permit-ready’ phase II allows for expansion, making it an attractive opportunity for investors looking for growth in a desirable area.
Hilton Head Island, South Carolina – Berkadia has announced the successful sale of The Cottages at Alex Patterson Place, a Class A single-family rental community featuring 14 cottage homes. The property, located in the desirable Hilton Head Island neighborhood, was sold by Putnam Atlantic Properties and Verde Capital, with Berkadia’s transaction team consisting of Director Thomas Colaiezzi, Senior Managing Director Caleb Troop, and Associate Director Matt Robertson from their Charlotte office.
The Cottages at Alex Patterson Place offers a unique investment opportunity for potential investors, combining immediate and long-term growth potential. An appealing feature of the community is its “permit-ready” phase II, which allows for the addition of six more cottages, further enhancing its value and attractiveness.
The property is strategically located just two minutes from US Route 278, Hilton Head’s main thoroughfare, providing excellent accessibility on and off the island. Residents enjoy convenient access to a variety of local amenities, being only a five-minute drive from the beach and within easy reach of popular destinations such as Main Street Village and Coligny Plaza Shopping Center. The proximity to these areas affords residents access to premier retail, dining, and entertainment options, as well as numerous job opportunities in hospitality and resort venues nearby.
During the sales process, Colaiezzi noted the sellers’ efforts in maximizing value and maintaining the property to a high standard. This commitment to quality likely contributed to the successful transaction.
Berkadia operates as a joint venture between Berkshire Hathaway and Jefferies Financial Group, specializing in a full suite of services for commercial real estate clients. Their offerings include integrated mortgage banking, investment sales, and servicing platforms designed to provide comprehensive real estate solutions throughout the lifecycle of clients’ assets.
The sale of The Cottages at Alex Patterson Place aligns with ongoing trends in the real estate market, particularly in sought-after locations such as Hilton Head Island. As a well-known vacation destination and a popular residence for retirees and families, Hilton Head has attracted a growing number of investments in residential properties. The cottage community’s blend of tranquility and accessibility makes it an appealing option for a diverse range of residents.
In addition to its residential appeal, location plays a crucial role in the property’s desirability. The surrounding areas are rich in outdoor activities, including access to beaches, nature trails, and recreational facilities, further enhancing the attractiveness for both residents and investors.
Your investment landscape continues to evolve, and properties like The Cottages at Alex Patterson Place demonstrate strong viability due to their strategic positioning and the potential for development. Investors looking for opportunities in high-demand markets will find that this rental community, combined with ideal location and growth capacity, represents a promising venture.
As Berkadia continues to facilitate real estate transactions, they are well-positioned to leverage their extensive market knowledge and service offerings to serve client needs effectively. The sale of The Cottages at Alex Patterson Place reflects their success in connecting buyers and sellers while fostering high-value investments in commercial real estate.
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- Yield Pro: The Cottages at Alex Patterson Place
- Wikipedia: Hilton Head Island
- Yield Pro: Viridian
- Google Search: Real Estate Investing
- Yield Pro: Roosevelt Square
- Google Scholar: Real Estate Trends
- Yield Pro: Berkadia Townhomes Sale
- Encyclopedia Britannica: Real Estate
- Yield Pro: Fannie Mae Economic Forecast
- Google News: Real Estate Market News
Author: STAFF HERE HILTON HEAD
The HILTON HEAD STAFF WRITER represents the experienced team at HEREHiltonHead.com, your go-to source for actionable local news and information in Hilton Head Island, Beaufort County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the RBC Heritage golf tournament, Hilton Head Island Wine & Food Festival, and the Gullah Celebration. Our coverage extends to key organizations like the Hilton Head Island-Bluffton Chamber of Commerce and Community Foundation of the Lowcountry, plus leading businesses in tourism and hospitality that power the local economy such as Sea Pines Resort and Sonesta Resort Hilton Head Island. As part of the broader HERE network, including HEREAiken.com, HEREBeaufort.com, HEREChapin.com, HERECharleston.com, HEREClinton.com, HEREColumbia.com, HEREGeorgetown.com, HEREGreenwood.com, HEREGreenville.com, HEREHiltonHead.com, HEREIrmo.com, HEREMyrtleBeach.com, HERENewberry.com, HERERockHill.com, and HERESpartanburg.com, we provide comprehensive, credible insights into South Carolina's dynamic landscape.
