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Forest at Fenwick, an 80-unit apartment community on Johns Island, has been sold to an affiliate of Blue Hour Housing for $18.75 million. (Photo/CBRE)
Forest at Fenwick, an 80-unit apartment community on Johns Island, has been sold to an affiliate of Blue Hour Housing for $18.75 million. (Photo/CBRE)
Johns Island apartment complex sells for $18.75M
Hollie Moore // June 10, 2026//
- CBRE brokered the $18.75 million sale of Forest at Fenwick on Johns Island.
- An affiliate of Blue Hour Housing acquired the 80-unit apartment community.
- The property is located at 15 Stardust Way and features two-bedroom units.
- Amenities include a pool, fitness center, grilling area and community space.
CBRE, a global real estate firm based in Dallas, sold Forest at Fenwick, an apartment complex in Johns Island.
The $18.75 million purchase was made by an affiliate of Blue Hour Housing, a real estate acquisition firm focused on workforce and employee housing, according to a news release.
“Forest at Fenwick was attractive to investors due to its location on Johns Island and the continued population growth across the Charleston market,” Tyler Fish, vice president at CBRE, said in the release. “The asset offered a compelling opportunity to acquire a well-performing community with strong fundamentals in a high barrier to entry submarket.”
The property, compiled of 80 two-bedroom units, is located at 15 Stardust Way. Amenities include a pool, fitness center, grilling area and community space.
“Our team arranged an ultra-favorable bank execution with highly attractive bridge terms for Forest at Fenwick,” Cabell Thomas, vice president at CBRE, said in the release. “This transaction reflects the intensified competition we’re seeing in the middle-market lending space, with strong interest from banks and debt funds helping enhance the deal economics and deliver an optimal solution for the borrower.”
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