Investment firm purchases complex for $8M

VW Multifamily, an investment and apartment management firm with dual headquarters in Tampa and Charleston, S.C., purchased Haddon Hall Apartments, a 71-bedroom complex in Charleston.

VW Multifamily paid $8 million for the complex, according to a release.

Last year, Charleston was one of the three fastest growing metro areas on the east coast, according to the statement from VW Multifamily, so there has been a growing demand for apartments. John Wakefield, a principal in the firm, says it's important to “invest in well positioned assets with an eye toward livability.”

Formed in 2014, VW Multifamily is a real estate private equity investment and apartment management firm.