C
omunidad Partners has acquired The Haywood, a 234-unit workforce housing property in Greenville, South Carolina. This acquisition aligns with the firm's mission to provide affordable housing for residents in high-demand markets and deliver returns for impact investors.
Greenville is experiencing strong growth, driven by its robust economy and good schools, making it an attractive location for workforce housing. However, the area faces a shortage of attainable housing options, particularly for moderate-income earners such as teachers, nurses, and skilled trades workers.
Comunidad Partners plans to invest significant capital in renovating The Haywood, including interior unit upgrades, improved curb appeal, and family-friendly amenities. The firm will also work with local and national nonprofit partners to create beneficial resident services and maintain regulatory compliance.
The acquisition is part of Comunidad's social impact efforts to enrich residents' lives while generating returns for investors. In 2024, the company reported a 92% needs-resolution rate across its portfolio's community programs, highlighting the effectiveness of its customized programming.
Through this acquisition, Comunidad Partners aims to create a positive impact on resident well-being and deliver strong investment returns. By improving property NOI, the firm can continue to invest in resident programming and help increase household income, decrease cost burdens, and improve household wealth/equity, leading to long-term value and stability. The Haywood is located at 100 Gloucester Ferry Road in Greenville.
