Chesterfield private equity firm sells apartments

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CHESTERFIELD, Mo. — A Chesterfield private equity firm has sold an apartment complex in South Carolina for $8.2 million.

Trident Group Partners, which is led by Ted Federer and Josh Coffman, sold the 86-unit multifamily property in North Augusta, South Carolina, to an undisclosed seller.

Trident acquired the property in 2011 for $5.4 million, and achieved a 29.5% annualized rate of return, Federer said.

Earlier this year, Trident bought a 72-unit multifamily property on Okaloosa Island near Fort Walton Beach, Florida, for $6.3 million. It also acquired another Fort Walton Beach property in 2019 for $15 million.

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Editor is WebTech Group (WTG). WTG is a web hosting, design, SEO, press release distribution company and news agency located in St. Louis, Missouri. Site is owned and operate multiple news sites in the region. Our objective with STLNewsMissouri.com is to offer readers a one-stop news site for Missouri news. We aggregate news from news media across the state. We do not aggregate news from all sources. We pick from those that offer RSS feeds and pick the best with eliminating those that might produce the same news stories, written differently.
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