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The Cliffs New Ownership

What was thought to be only a partial buy out has turned into a complete buy out of all seven of The Cliffs luxury communities located in the Upstate South Carolina and Western North Carolina. The Cliffs were previously owned by Arendale Holdings, LLC of Florida.

The Cliffs at Keowee Falls

The new owners, South Street Partners, acquired all seven of The Cliffs communities after an eight-month process that culminated on February 28, 2019. According to their website, South Street Partners was founded in 2009 and “is a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC with over $1 billion of assets under management. South Street acts as a principal investment platform as well as an operating partner and co-investor for institutional partners interested in special situations, opportunistic and value add real estate investments in the Southeastern United States as well as select continental US and international markets.”  South Street also acquired the private island community development of Kiawah in 2013, located off the coast of South Carolina near Charleston.

South Street is the third owner of The Cliffs. Jim Anthony was the founding developer of these master-planned luxury communities in 1989. Enthusiasm for the change to South Street is running high as they intend on rolling out many of the same strategies used in marketing their other successful properties at The Cliffs.

Upstate Business Journal Article
South Street Partners Website

 

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About Us

Carolina Mountain Real Estate is a boutique real estate firm where every decision is centered on developing personal relationships based on honesty, integrity and real estate professionalism. We offer a seasoned sales and listing staff with a combined total of 50+ years of experience.

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3598 Highway 11, Suite 108
Travelers Rest, SC 29690
 
(864) 610-0775
 
info@carolinamountainre.com

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Information contained in this web site is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal notice. Prices and availability subject to change. All specifications supplied by builder/seller, and subject to change or modification. Membership classification and availability are subject to change. It is the responsibility of the buyer or buyer's agent to verify.
- W. David Robertson, Broker-in-Charge / Carolina Mountain Real Estate, LLC

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