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The Sullivan Named 2024 Multifamily Development of the Year CoStar Impact Winner

GSA Biz Wire //April 1, 2024//

The Sullivan Named 2024 Multifamily Development of the Year CoStar Impact Winner

GSA Biz Wire //April 1, 2024//

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Greenville, SC: – The Sullivan was named the 2024 Multifamily Development of the Year CoStar Impact Award winner in the Greenville/Spartanburg market. Winners—chosen for their growth, diversification, and ability to overcome unique challenges in their markets—were selected from a panel of more than 660 industry professionals drawn from each respective market.

The Sullivan is Greenville’s largest affordable development in 12 years, consisting of 5 buildings serving 180 one, two, three, and four-bedroom units over 40 acres. Built from the ground up in a historically underserved area experiencing rapid growth, it aims to address Greenville’s critical need for housing without sacrificing amenities, location and style.

The goal of Schaumber Development and Douglas Development was to create a welcoming community where residents can thrive. In doing so, they chose to provide an array of amenities which vastly outnumber the playground, laundry room and business center that are generally required of affordable apartments.

“We are continuously challenging stereotypes about what affordable housing looks and feels like,” said Holly Douglas, a principal on the development team.

The CoStar Impact Awards recognize exemplary commercial real estate transactions and projects completed in 2023 that have significantly influenced neighborhoods or submarkets across 128 major international markets in the United States, Canada, and the United Kingdom. The awards honored over 380 winners for their CRE transactions across five categories: Lease of the Year, Sale/Acquisition of the Year, Commercial Development of the Year, Multifamily Development of the Year and Redevelopment of the Year.

“Now in its third year, the CoStar Impact Awards are an incredible opportunity to recognize the real estate projects fundamentally transforming the industry landscape,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “Our diverse panel of judges worked diligently to identify the most impactful commercial real estate projects across a range of categories that are shaping the future of the industry and the communities in which they serve. It’s an honor to recognize the companies and projects propelling the real estate sector forward.”

Read CoStar’s news article about The Sullivan: https://www.costar.com/article/1385429721/the-sullivan-reimagines-possibilities-for-affordable-apartment-development-in-upstate-south-carolina

To learn more about the CoStar Impact Awards and review the full list of winners, visit www.CoStarImpactAwards.com/.

 

About NHE
NHE provides professional association management, apartment management, community development and service coordination to communities across the Southeast, and currently represents more than 18,000 homes, apartments and condominiums in 15 states. NHE’s clients benefit from expertise, experience and leading-edge technology delivered by a dedicated staff offering diverse services to ensure premium performance and value. Actively engaged with national and state industry trade associations and government regulatory bodies, NHE holds the prestigious AMO (Accredited Management Organization) designation through the Institute of Real Estate Management and is a multi-year honoree of Top Workplaces in South Carolina and Best Places to Work.

About CoStar Group
CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over twelve million monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attract over 100 million unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

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