PAWLEYS ISLAND, SC – DF Ventures, a business unit of Drucker + Falk, one of the nation s most prominent multifamily management companies, in partnership with Eastham Capital, a private equity investment company, bought Litchfield Oaks Apartments in scenic and idyllic Pawleys Island, South Carolina for $28.24M in September 2019.
A garden style property built in 1999, Litchfield Oaks features a mix of unit types with open floor plans, a saltwater pool with sundeck and grilling station, clubhouse, fitness center, and dog park. Steps away from the best shopping, dining, and entertainment that the South Strand has to offer and a small drive away from a wide variety of activities. the community is located along the South Carolina coastline near Myrtle Beach, Surfside Beach, and Historic Georgetown.
DF Ventures has an ambitious value-add strategy for Litchfield Oaks, including modernizing the clubhouse, enhancing curb appeal, and updating unit interiors. Drucker + Falk, one of the most respected property management companies in the country and designated as one of the Best Places to Work in Multifamily three years in a row, also plans to institute professional management practices and a more targeted approach to marketing.
The acquisition of Litchfield Oaks represents an opportunity to buy a quality asset within a high barrier-to-entry market. Drucker + Falk will focus on increasing the income stream and the value of the property through strategic capital improvements and quality management, said Eric Skow, acquisitions manager at DF Ventures.

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