Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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QUICK STATS
$2,213/$2.12
Market Rent
87,948
RENTABLE AREA
2023
YOC
72
UNITS
Investment highlights
Potential to take through the qualified contract process, providing significant rental upside with $700+ discount to market rate assets
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Excellent operations resulting in a vacancy rate below 1% in 2024
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Myrtle Beach is a vibrant, high-growth market with a projected population growth of 23% within three miles of the property between 2024 and 2029, per CoStar
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Myrtle Beach-North Myrtle Beach-Conway, SC MSA has experienced fantastic income growth as evidenced by the HUD four-person median family income increasing from $57,400 in 2020 to $79,700 in 2024
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xxx
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96%
OCCUPIED
xxx
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GALLERY
GALLERY
2006
BUILT
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1310 Piper's Pointe Ln. - Myrtle Beach, SC 29577
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PROPERTY OVERVIEW
Piper’s Pointe Apartments is a 72-unit affordable housing community located in Myrtle Beach, SC. The property is conveniently located minutes from the ocean and major retailers, including Walmart and Costco. Numerous restaurants, outdoor recreation, schools, and major transportation arteries are nearby as well.
The property was built and placed in service in 2006 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There are existing regulatory agreements in place which require all units to be rented to income qualifying residents earning no more than 50% & 60% of the Area Median Income (AMI) limits, which are provided by South Carolina State Housing Finance and Development Authority.
Piper’s Pointe Apartments offers two and three bedroom apartment homes featuring washer/dryer connection, walk-in closets, ceiling fans, and sunrooms. Community amenities includes a playground, grilling/picnic area, an on-site laundry facility, computer lab, and planned community social events.
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
774 S. Shelmore Blvd. Suite 105 Mount Pleasant, SC 29464
mount pleasant OFFICE
601 Union St. Suite 3909 Seattle, WA 98101
SEATTLE OFFICE
Associate Director Affordable Housing
253.355.1521 sam.kasteler@berkadia.com
UT License #14126557-SA00
Sam Kasteler
Senior Managing Director
Affordable Housing
208.286.5013
jeff.irish@berkadia.com
ID License: #DB36794
Jeff Irish
Managing Director
504.322.1196
chris.crump@berkadia.com
CHRIS CRUMP
Associate Director 817.821.9559 jack.leonhard@berkadia.com
Jack Leonhard
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Senior Managing Director Affordable Housing
253.653.3313 brandon.grisham@berkadia.com
WA License #26367
Brandon Grisham
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Senior LIHTC Property built in 2011 containing 90 units located in the 8-story building along with 10 three-bedroom townhome units
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Well located asset just under 7 miles from downtown Miami, as well as the Miami International Airport
Senior Managing Director
214.360.3849
tim.leonhard@berkadia.com
TIM LEONHARD
Director Affordable Housing
425.761.1640 mike.terry@berkadia.com
MT License #89005
MIKE TERRY
Senior Director Affordable Housing
208.631.4981 jordan.skyles@berkadia.com
ID License #SP42885
Jordan Skyles
Director of Operations Affordable Housing
208.296.2073 jordan.baird@berkadia.com
CA License #02251798
Jordan Baird
Senior Director Affordable Housing
425.999.1152 adam.tomberg@berkadia.com
WA License #22019732
Adam Tomberg
Senior Financial Analyst Affordable Housing
206.512.5567 ryley.lewis@berkadia.com
WA License #22027158
Ryley Lewis
Senior Financial Analyst Affordable Housing
858.257.4710 scott.timpani@berkadia.com
CA License #02092504
scott timpani
Managing Director Multifamily 314.607.3481 caleb.troop@berkadia.com
SC License #121822
Caleb Troop
Managing Director Multifamily 678.548.6621 mark.boyce@berkadia.com
SC License #22019732
Mark Boyce