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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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