One Real Estate Lands $52M For 360-Unit Project

The Columbia, S.C., community will come online next year.

The One at Hope Mills
OREI is also developing The One at Hope Mills, a 360-unit community in Fayetteville, N.C. Rendering courtesy of Berkadia

One Real Estate Investment has obtained $52 million in construction financing for The ONE at Columbia, a 360-unit project in Columbia, S.C. North River Partners and Amzak Capital Partners provided the loan, while Berkadia arranged the transaction.

This marks OREI’s second development in the state. Last year, the company started construction on The ONE at Spartanburg, a 185-unit project that is scheduled for completion this summer.

The ONE at Columbia is set to come online in the fourth quarter of next year. The 22-acre property will encompass 15 three-story buildings with one-, two- and three-bedroom layouts. Apartments will feature quartz countertops and smart features.


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Common-area amenities include a fitness center, business center and clubhouse, swimming pool and sauna, as well as EV charging stations.

The garden-style community will rise at 4415 Percival Road, less than 2 miles from the Sparkleberry Crossings shopping center. Downtown Columbia will be 15 miles away, while Columbia Metropolitan Airport will be within 26 miles southwest.

Berkadia Managing Directors Brad Williamson, Matt Robbins and Scott Wadler, along with Senior Managing Director Mitch Sinberg brokered the deal on behalf of the borrower. In July, the same team also helped OREI obtain a $47 million construction loan for The One at Hope Mills, a 360-unit development in Fayetteville, N.C.