Category: Real Estate

Sands Companies Generates Significant Leasing Activity at Its Seaglass and Swells Build-to-Rent Communities in Myrtle Beach

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March 7, 2023 | Read On MultifamilyBiz: Full Article

MYRTLE BEACH, SC – Sands Companies, a full-service, vertically integrated multifamily development and construction firm, continues to experience intense demand for its innovative build-to-rent concept in the firm’s home base of Myrtle Beach. For instance, the Sands-developed 253-unit Seaglass Cottage Apartment Homes in North Myrtle Beach is now stabilized, while the firm’s Swells Cottage Apartment Homes in Murrells Inlet is rapidly filling up with residents.

The award-winning Seaglass Cottages, located on the Intracoastal Waterway in the Barefoot Resort neighborhood of North Myrtle Beach, is now more than 95% occupied. The detached, horizontal cottage-style apartment home community is redefining the build-to-rent genre, with groups of homes built into “muses” and each having its own outdoor amenity to enjoy from a courtyard garden, fire pit or lawn games. Interior features include top-of-the-line kitchen finishes such as granite countertops, white cabinets, and stainless-steel appliances, luxury vinyl wood-look plank flooring, walk-in closets, large and bright living spaces and architectural touches like tray ceilings throughout the homes.

Following the success of Seaglass Cottages, Sands is now developing the 92-unit second phase of the project. That phase will include 92 one and two-story cottages consisting of two and three-bedroom units ranging from 924 to 1,633 square feet. The project is expected to be completed in the winter of 2024.

Sands and Seaglass Cottages were honored by national publication Multi-Housing News with a 2022 Excellence Award in the “Best Development & Design: Single-Family Rental” category.

Swells Cottages is more than 70% leased and 60% occupied. Located at 1501 Flatwood St., Swells Cottages is a 221-unit project with a mix of one and two-story cottage homes ranging from one to three bedrooms and 672 to 1,293 square feet. Each spacious one and two-story detached cottage features a front porch framed in Southern charm, with exteriors painted in a palette of beach-inspired shades and the interiors feature standout, high-end finishes.

The community is less than a mile from the beach and includes a rich amenity package such as a pool with a sun shelf and a clubhouse with a screened-in porch and fireplace, fitness center with fitness mirrors, fire pit, and a residential lounge complete with a bistro and kitchen area, shuffleboard and games.

“The activity at these two Myrtle Beach developments has been tremendous,” said Sands President Joe Morrison. “The leasing velocity is proof of concept for our trendsetting model, and demand for our remaining inventory is extremely strong. We will keep pursuing opportunities to bring our build-to-rent product to the Myrtle Beach area.”

About Sands Companies: Sands Companies was founded in 2014 based on the mission to build homes in neighborhoods that enrich the community. Sands’ developments are designed with quality craftsmanship and a vision that is ahead of the curve in the multi-family industry. Sands’ reputation is built on integrity, discipline and enthusiasm that stand as the foundation for every home we build. It is with that foundation we maintain a relationship of trust with every homeowner, team member and project expert that we encounter. 

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Multifamily Influencers: Sands Selected As A Top Company

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Here are our picks for the top individuals, teams and companies in the multifamily sector.

By Erika Morphy | October 07, 2022 at 07:00 AM

Up until a few months ago, it appeared that multifamily had entered a golden age. Rents were rising, deals were closing and forecasters saw little difficulty in the medium term. To be sure, the asset class is still a strong one but with the rise in the cost of debt, the threat of a possible recession and asset pricing that has become muddled, some uncertainty has been injected into the landscape. For that reason, we give our kudos to the men, women, teams and companies that are navigating this environment. Careful judgments must be made about underwriting, forecasting the ability of tenants to pay higher rents and, for developers, the ongoing difficulties with labor and supply chains. We have little doubt that the recipients we selected for our annual multifamily influencers are up for the challenge.

ORGANIZATIONS
SANDS COMPANIES

Founded in 2014, Sands Cos. was a pioneer in the development concept of building deconstructed apartments. The firm initially focused on delivering a unique product to its home base of Myrtle Beach, SC and then expanded to markets throughout the Southeast and beyond. Its debut detached, horizontal apartment project, ISLE Cottage Apartment Homes, is a 99-unit community that served as a case study for future Sands Cos. developments and proof of concept for investors and capital markets. During the past three years, Sands has dramatically expanded its portfolio from a single development to more than 2,000 units. Led by president and partner Joe Morrison and VP and partner David Wilkes, the firm has an in-house construction arm that allows it to ensure workmanship and craftsmanship on projects as well as on-time, on-budget completion. Sands Cos.’ model delivers horizontal, detached cottages within spacious communities that feature many exclusive amenities. The company’s Seaglass Cottage Apartment Homes in North Myrtle Beach exemplifies the company’s strategy to redefine the SFR genre. The entire community was meticulously planned with homes that purposely face each other, with parking in the rear to encourage walkability throughout the neighborhood. The groups of homes each have their own outdoor amenity to enjoy, such as a courtyard garden, fire pit or lawn games, and they feature carefully thought-out landscaping, with more than $1.2 million spent on lush and fully-grown flowers, greenery, and trees at the community. During the past year, Sands Cos. has hired 20 new employees and it moved into its brand-new headquarters, which is more than double the size of its previous office.

Visit GlobeBest.com | Multifamily Influencers for the complete article.

MHN Excellence Awards 2022 – Seaglass Win Best Design & Development For SFR

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December 2, 2022
By The Editors of Multi-Housing News

The MHN team is honored to present the awardees for Lifetime Achievement, Executive of the Year and much more. View our coverage of the event!

Multi-Housing News held its 16th-annual Excellence Awards ceremony, hosted at Resource Furniture in New York City. The celebration was our first in-person event since 2019. At the ceremony, MHN awarded gold, silver and bronze awards to properties, projects and professionals in 34 categories.

This year, MHN honored Tom Bozzuto, chairman, co-founder & chief culture officer of Bozzuto, with the Lifetime Achievement Award, while the Executive of the Year accolade went to Ernesto Lopes of Resia. Stephanie Williams, president of Bozzuto Management Co., accepted the Lifetime Achievement Award on Tom Bozzuto’s behalf.

2022 MHN Excellence Awards Winners:

Best Development & Design: Single Family Rental
Gold: Seaglass Cottage Apartment Homes, Sand Companies

 

For a Complete List of Award Winners Visit: https://www.multihousingnews.com/mhn-announces-2022-excellence-award-winners/

Real Estate Weekly – Sands Begins Construction On Seaglass Phase II

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Sands Companies, a full-service, vertically integrated multifamily development and construction firm, began construction on the second phase of Seaglass Cottage Apartment Homes in North Myrtle Beach, South Carolina. This phase of the horizontal cottage-style apartment homes brings 99 additional units to the already completed 349-unit first phase of the community.

Located on Doveshell Drive, the second phase of Seaglass Cottage Apartment Homes, part of the charming and established Barefoot Landing Resort in North Myrtle Beach, will include 92 one- and two-story cottages consisting of two and three-bedroom units ranging from 924 square feet to 1,633 square feet. The project is expected to be completed in the winter of 2024.

“We’re delighted to expand this already desirable community of cottage homes in Myrtle Beach,” said Sands President Joe Morrison. “We love redefining what a rental home means and making rental units feel like anything but. The second phase of Seaglass features amenities that are unheard of in the industry. We can’t wait to see what our residents think of them!”

The second phase of Seaglass begins as phase one reaches 100% occupancy and will feature unique amenities compared to traditional rental communities on the market. Individual units will feature first-of-its-kind private splash pools, pet yards and attached garages in select homes. Other interior features include open floorplans with high ceilings, luxury plank flooring and large kitchen islands.

Community amenities live up to its coastal and relaxed aesthetic with a resort-inspired pool with a sun deck, courtyards throughout the community, a private beach located on the property as well as shuttle access to Myrtle Beach.

Sands Companies Adds Five New Team Members

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Larson Baldwin, Roger Barnes, Melanie McIntosh, Rivers Singleton and Chris Waterman

Myrtle Beach, SC (May 2022) – Sands Companies, a full-service, vertically integrated multifamily development and construction firm, continues to add new talent to its team to progress its expansion into additional markets in the Southeast U.S. The firm welcomed Larson Baldwin, Roger Barnes, Melanie McIntosh, Rivers Singleton and Chris Waterman to its growing team.

Over the past year, Sands has hired 20 employees at various levels of the South Carolina-based firm with plans to continue talent recruitment as it advances several new projects. The firm has more than 2,000 detached, horizontal cottage-style apartment homes under development throughout the Southeast.

At Sands, Waterman and Barnes serve as Superintendents. Baldwin is an Assistant Superintendent, Singleton is a Procurement Specialist and McIntosh is the Office Manager.

Baldwin comes to Sands from Charlotte, North Carolina and is well-versed in managing large construction projects. He earned a bachelor’s degree in mechanical engineering from Clemson University.

Barnes, originally from New Jersey, has over 40 years of experience as a licensed contractor with projects ranging from initial framing, new custom single-family homes, mid-rise projects and more.

McIntosh recently relocated from Michigan and comes to Sands with over 15 years of office management experience. She will focus on office operations as well as human resources for the company.

Hailing from Myrtle Beach, South Carolina, Singleton will work with Sands’ vendor partners to secure products that are used to build each home. He will also focus on price negotiation and securing new partners.

Waterman resides in Conway, South Carolina and has 10 years of construction management experience including project estimation, coordinating with crew and vendors as well as carpentry, roofing and paving.

“These new hires give us enhanced depth, especially for our construction management division,” said Sands President Joe Morrison. “All four individuals represent the next generation of our firm and the industry. We are excited to give them hands-on mentorship and help them grow within Sands and in their careers.”

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About Sands Companies:
Sands Companies was founded in 2014 based on the mission to build homes in neighborhoods that enrich the community. Sands’ developments are designed with quality craftsmanship and a vision ahead of the multifamily industry’s curve. Sands’ reputation is built on integrity, discipline, and enthusiasm that stand as the foundation for every home we build. With that foundation, we maintain a relationship of trust with every homeowner, team member, and project expert that we encounter. For more information, visit www.sandscompanies.com.

Sands Companies Closes $26M Million Sale of Cottage Community in Myrtle Beach

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Connect Atlanta & Southeast Posted On: November 02, 2021
By Lisa McDuffie

Sands Companies has completed the sale of ISLE Cottage Apartment Homes in Myrtle Beach, SC. The community was 95% occupied at closing.

An Atlanta-based real estate investment company focused on multifamily acquisitions in the Southeast and Midwest purchased the 99-unit community on Silver Gaff Court for $26.3 million.

Sands first developed the concept to build detached, horizontal apartments in 2014, with ISLE becoming the initial completed project. The sale proceeds from its disposition will be reinvested in similar Sands-owned projects in the Carolinas, Georgia and coastal Florida.

“This transaction is the culmination of our team’s vision to deliver a unique product to the Myrtle Beach area,” Sands president Joe Morrison said. “ISLE serves as a case study for the horizontal, detached cottages Sands delivers within spacious communities that offer exclusive amenities superior to those found in traditional apartment buildings.”

Trevor Koskovich and John Currin of Northmarq arranged the sale on behalf of Sands.
Read the article on Connect Atlanta & Southeast

Swells Cottage Apartment Homes Ready for Lease in Late Fall 2021

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MYRTLE BEACH, S.C., May 25, 2021–Sands Companies of Myrtle Beach is proud to announce the development of their latest single family rental (SFR) neighborhood: Swells Cottage Apartment Homes. Cottages will be ready for lease in late fall 2021.

Swells Cottage Apartment Homes will be coming soon to Garden City Beach, where 221 one-, two- and three-bedroom luxury cottages will be available for lease. The Swells village, located by a neighboring golf course, features a long list of high-end amenities, including a resort-inspired pool, outdoor kitchen and community bikes. Each one- or two-story apartment home is laid out with exclusive interior elements, from the luxury plank flooring to designer ceiling fans.

“Along with two other apartment home communities we’ve developed in our coastal area, Swells offers luxury leased living on another level,” says Sands president Joe Morrison. “Our vision is offer everything people love about traditional neighborhoods and everything they love about typical apartment communities. It’s the best of both worlds.”

 

For more info, contact Holly Casper at 843.839.4634 ext 225

About Sands Companies: Sands Companies was founded in 2014 based on the mission to build homes in neighborhoods that will enrich our community. All of our developments are designed with quality craftsmanship and a vision that is ahead of the curve in this industry. Our reputation is built on integrity, discipline, and enthusiasm that stand as the foundation for every insight of our homes. And it is with that foundation that we maintain a relationship of trust with each and every homeowner, team member and project expert that we come in contact with. 

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Sands Companies Opens Seaglass Cottage Apartment Homes

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MYRTLE BEACH, S.C., May 12, 2021–Sands Companies of Myrtle Beach recently held a ribbon cutting April 26 for their latest cottage apartment home community, Seaglass Cottage Apartment Homes. In attendance at the event were North Myrtle Beach business owners and Mayor Marilyn Hatley.

The new SRF(Single Family Rentals) luxury cottage apartment homes of Seaglass are now available to lease along the Intracoastal Waterway across from Barefoot Landing in North Myrtle Beach, available in one-, two- or three-bedroom floor plans. The waterfront village features a long list of high-end amenities, including a resort-inspired lap pool and community gardens, and each one- or two-story apartment home is laid out with exclusive interior elements, from the luxury plank flooring to designer ceiling fans.

“Seaglass is one of three SRF(Single Family Rentals) luxury apartment home communities
we’ve developed or are in the process of developing in our coastal area,” says Sands president Joe Morrison. “We’re proud to offer folks a unique way of living that’s unlike any traditional apartment home complex, without the stress of home ownership.”

For more info, contact Holly Casper at 843.839.4634 ext 225

About Sands Companies: Sands Companies was founded in 2014 based on the mission to build homes in neighborhoods that will enrich our community. All of our developments are designed with quality craftmanship and a vision that is ahead of the curve in this industry. Our reputation is built on integrity, discipline, and enthusiasm that stand as the foundation for every insight of our homes. And it is with that foundation that we maintain a relationship of trust with each and every homeowner, team member and project expert that we come
in contact with.

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Sands Building Group Wins Best of Myrtle Beach Award

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MYRTLE BEACH, S.C., March 20, 2021–The Myrtle Beach Award Program recently selected Sands Building Group as winner of the 2021 Best of Myrtle Beach Awards in the Real Estate Developer category.

The Myrtle Beach Award Program was created to honor and generate public recognition of the achievements and positive contributions of businesses and organizations in and around Myrtle Beach. Its mission is to raise the profile of exemplary companies and entrepreneurs among the press, the business community, and the general public.

“Here at Sands, our best interests are our clients and our community,” says Sands president Joe Morrison. “We’re honored to be presented with this Best of Myrtle Beach Award – to be recognized for our mission to be fully invested in building, developing and improving the future of our community in which we live and work.”

For more info, contact Holly Casper at 843.839.4634 ext 232

About Sands Building Group: Sands was founded in 2014 based on the mission to build homes, develop communities and seek out incomparable real estate opportunities that will change the future of the Myrtle Beach area and beyond. Our projects are uniquely designed, our workmanship is superior, our ideas are ahead of the curve, and our reputation in this market means everything to us.

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Sands Companies welcomes Holly Casper, Director of Asset Management

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MYRTLE BEACH, S.C., January 28, 2021–Sands Companies of Myrtle Beach would like to introduce one of its newest members to the team: Holly Casper, director of asset management, who was hired in January 2021.

Casper comes to Sands with more than 19 years of industry experience. As director of asset management, she is responsible for the overall performance of the multi-family property portfolio, providing proforma projections, SE market knowledge, new construction lease-up directives, budget preparation, and overall property operation directives.

“I’m excited to be part of the Sands team,” says Casper. “And in this busy market, my experience in the industry will give us an edge over the competition and an added advantage for our investors.”

Prior to joining the team, Casper served as senior vice president of operations at RKW Residential. A University of Maryland graduate, she’s new to the Myrtle Beach area and enjoys spending her free time on the beach with her husband and two dachshunds, Oscar and Lucy.

For more info, contact Joe Morrison at 843.839.4634, or visit SandsCompanies.com.

About Sands Companies: Sands was founded in 2014 based on the mission to build homes, develop communities and seek out incomparable real estate opportunities that will change the future of the Myrtle Beach area and beyond. Our projects are uniquely designed, our workmanship is superior, and our ideas are ahead of the curve. Because our reputation in this market means everything to us.

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