Buligo Capital Partners developed a Class-A 144-unit multi-family community in Simpsonville, South Carolina, on the site of a former textile factory. In exchange for committing to partial restoration of the historic mill, the property qualified for tax credits accounting for almost 10% of the initial funding. Due to lack of available land suitable for multifamily development, the market has high barriers to entry.
The property is walkable to Simpsonville’s historic downtown district, featuring a variety of retail options. The area’s recent economic and demographic expansion made it well suited for new development. The location features easy access to the broader region due to its proximity to major throughways and favorable employment opportunities thanks to the presence of several large employers.
The project was developed, stabilized, and ultimately sold following the successful execution of the business plan. The process reflects Buligo Capital’s focus on disciplined management, long term planning, and consistent execution across the investment lifecycle.
