Exclusive: DLH Properties Completes $61M Sale in South Carolina
The property has changed hands twice in four years.
DLH Properties has sold The Lively at Victor Park in Greer, S.C., for $61.2 million, according to Yardi Matrix data. Sixteenth Floor Residential, an entity linked to Housing Opportunity Management Enterprises, formerly the Housing Authority of the City of El Paso, Texas, acquired the asset.
In addition, the South Carolina Jobs-Economic Development Authority issued $69.9 million in tax-exempt bonds with Wilmington Trust as trustee. The 11-year loan bears a fixed interest rate of 4.25 percent.
The community changed hands at a slight 3.8 percent discount compared to its 2023 sale price of $63.6 million. Back then, DLH acquired the property from its developer, Orange Capital Advisors.
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The Lively at Victor Park came online in 2022, delivered by a team including CF Evans as general contractor and PDI Architecture as designer. The community encompasses 10 two- and four-story buildings consisting of studio and one- to three-bedroom layouts averaging 831 square feet. Amenities include a swimming pool, outdoor fire pit, cabana and a gym with a rock-climbing wall.
Located at 1000 Village Mill Drive, the property is about 2 miles from U.S. Route 29, roughly halfway between Greenville, S.C., and Spartanburg, S.C.
Providing housing from El Paso to South Carolina
Housing Opportunity Management Enterprises launched in 1938 to provide low-income residents of the City of El Paso with access to low-cost housing. The company develops, acquires, leases and operates income-restricted properties. It is the 14th largest PHA across the nation, having served more than 52,000 residents across 99 communities.
In 2025, HOME approved the formation of Sixteenth Floor Residential, a Texas nonprofit and federal tax-exempt organization to support affordable housing opportunities throughout the Lone Star State and beyond. The new company has already collaborated with the South Carolina Jobs-Economic Development Authority several times, expanding throughout the state’s emerging housing markets.
Sixteenth Floor Residential paid $61.5 million for the 299-unit Otarre Pointe in Cayce, S.C., and $57.8 million for The Reserve at Wescott, a 288-unit asset in Summerville, S.C., Yardi Matrix data shows. Both deals closed last December.
