Forest Cove

About Forest Cove

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 184-unit Forest Cove apartment community located in Hanahan, SC. This asset is situated in the highly sought-after North Charleston submarket, widely known for its favorable multifamily fundamentals. Forest Cove’s ideal location near I-26 and I-526 provides residents seamless connectivity to top-tier retail and the area’s largest employers, including Joint Base Charleston, Boeing, and the Charleston International Airport, boasting 120k+ jobs within a 20-minute drive. The immediate area surrounding the property is characterized by a dominant renter occupied population (58%), rising household incomes (10% increase through 2027), and dwindling supply as no units are under construction within 3 miles of the property. Built in 1975, Forest Cove arrives to market with a proven value-add campaign achieving average premiums of $150+, providing the ideal blueprint to be able to push rents $270+ in three years and bridge the rental gap between top submarket competitors.