Corten Real Estate announced the successful completion of a joint venture common equity investment of ~ $9.3 million to acquire and reposition Arbors at Fairview Apartments (“Arbors at Fairview” or the “Property”). The transaction closed on August 27, 2025. The Property is a 2002-vintage, 168-unit garden-style apartment community is located at 1000 Arbor Keats Drive in Simpsonville, South Carolina, a submarket within the larger Greenville metropolitan area. Corten partnered with Fulton Peak Capital (“Fulton Peak”) on this transaction.
The investment was funded by Corten Real Estate Fund II LP (“CREF II”), marking the 15th and final investment in that vehicle. The portfolio currently contains ten multifamily and five hospitality investments uniquely structured and located in various markets across the United States.
Arbors at Fairview represents a strategic acquisition focused on attainable housing. The investment was acquired at a discount from its prior sale and will receive a 100% property tax abatement during the hold period in exchange for keeping a portion of the units AMI-restricted. The joint venture will leverage Fulton Peak's affiliate management company to execute on capital improvements and operational enhancements, creating synergies with another CREF II South Carolina investment, Park on Gilder Creek.
“Our investment in Arbors at Fairview exemplifies Corten's commitment to identifying compelling opportunities that deliver both strong financial returns and meaningful community impact,” said Principal Matt Kattler. “By strategically acquiring a well-located asset at a favorable basis and implementing a robust value-add strategy, enhanced by critical tax abatements and operational efficiencies, we are creating high-quality attainable housing in a high-growth market like Greenville. This is a testament to our disciplined approach and our ability to unlock value while striving to serve the housing needs of the community.”
About Corten Real Estate
Corten Real Estate is a private investment manager specializing in middle-market preferred equity, mezzanine debt, and joint venture equity investments across the United States. Corten focuses on identifying and executing opportunities that require a hands-on, value-add approach to generate attractive risk-adjusted returns for its partners.
About Fulton Peak Capital
Fulton Peak Capital is a vertically integrated multifamily investment firm focused on acquiring, repositioning, and operating rental housing properties throughout the Mid-Atlantic and Southeast. Fulton Peak is vertically integrated with a construction entity (Westridge Construction) and a property management company (Fulton Peak Management).
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SOURCE Corten Real Estate
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