Waters Edge at Harbison
This 204-unit garden-style apartment community was acquired by Lloyd Jones in 2016. The Columbia multifamily market as a whole suffered a challenging period in 2017, when one of the area’s largest employers, V.C. Summer, suddenly shut down production of its nuclear power facility. More than 5,000 local jobs were lost virtually overnight.
Thanks to Lloyd Jones Multifamily Management’s proven strategies, Waters Edge was able to come back stronger than ever, and has maintained this success in the ensuing years. And, during the challenging summer of 2020, the community held occupancies in the mid 90’s while preleasing up to 99.02%. Forward-thinking approaches in response to the economic uncertainty included flexible deposit options, expanding opportunities for those with low credit scores or inadequate rental history. Additionally, during the pandemic, Waters Edge was one of the first in the market to shift to self-guided tours, giving it a competitive edge during a difficult time.