描述

Jones Lang LaSalle, a South Carolina licensed real estate broker ("JLL"), has been retained as the exclusive sales representative for The Lorrel, the "Property", or the "Asset". This 270-unit garden-style community is in Little River, South Carolina, an amenity-rich location which benefits from proximity to Myrtle Beach's tourism economy while offering the charm and affordability of a less congested location.

The Property capitalizes on Little River's emerging appeal as both a retirement destination and family-friendly community. With access to area amenities such as world renowned golf courses, the Intracoastal Waterway, and pristine beaches, The Lorrel offers residents an attractive coastal lifestyle at a more accessible price point than neighboring beach communities. The Lorrel offers convenient access to Myrtle Beach's major employers, retail destinations, and entertainment hubs. Completed in 2023, the Property features premium amenities including pickleball courts, a resort-style pool, a game room, and a pet washing station, along with Class A interior finishes.

The MSA is in high demand for rental housing due to the Myrtle Beach MSA population growing by almost 15% in the last 4 years. Given the dearth of future supply including just one asset under construction within 16 miles of The Lorrel, the property is primed to capitalize on significant rental growth for years to come.

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