CRC Acquires MF Near Hilton Head for $44M

Continental Realty Corporation (CRC) has acquired its second multifamily community in the greater Bluffton-Hilton Head, South Carolina area with the recent $44.5 million acquisition of Bristol at New Riverside, located at 205 Forest Trace in Bluffton.

Developed by Madison Communities, delivered in 2024, and formerly known as Madison New Riverside, the 166-unit two- and three-story garden community was 90 percent leased at the time of this transaction. Taylor Bird, Executive Managing Director of Cushman &Wakefield, represented the seller in the transaction.

Positioned within the New Riverside Village master-planned community in Beaufort County, Bristol at New Riverside consists of six two- and three-story buildings featuring one- and two-bedroom floorplans ranging from 745 to 1,186 square feet of space. A nearby 70,000-square-foot Publix-anchored retail center with a Starbucks Coffee is located within proximity to the property.

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