Brick Lofts

Spartanburg, SC

Appian partnered with River Street Partners to purchase Brick Lofts, a multifamily asset located in owntown Spartanburg, SC. The property was built in 1915 and functioned as an elementary school until 1979. The school was converted into apartments in 2002 and fully renovated in 2018. There are 43 apartments with a mix of studio, one-bedroom, and two-bedroom units and an average size of 738 square feet.

FUND
Appian Investments Fund III

STATUS
Currently Owned

UNITS
43

YEAR ACQUIRED
2023