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Founded in 1971, SYNCO Properties Inc. (“SYNCO”) is a private real estate company focused on apartment property management and investment in the Southeastern United States. SYNCO is headquartered in Charlotte, NC, and currently has operations throughout North Carolina.
During its nearly 50 years in business, the company has organized more than 150 realty investment ventures totaling nearly $1 billion in value. SYNCO is recognized as a multifamily industry leader with expertise in property management, acquisitions, dispositions, financing and all related support functions.
In The News
Sale of Arbor Ridge Apartments – Greensboro NC
On behalf of an LLC involving the company and Stonecutter Capital Management of New York, we sold the 304-unit Arbor Ridge Apartments in late 2021. Synco had leased and managed the property since an initial acquisition and repositioning in 2009.
Sale of Tiffany Square Apartments – Rocky Mount NC
This 184-unit apartment community in eastern North Carolina was sold in May of 2022. The property was leased and managed by Synco for its owner, an LLC sponsored by Bill Doogan of Denver CO.
Sale of The Oaks Apartments – Lincolnton NC
Coronado CA-based McKee Properties, on behalf of an LLC it sponsored, sold The Oaks, consisting of 111 units, located in this bedroom community of metro Charlotte, in first quarter 2022. Synco provided leasing and management services to McKee since they acquired the asset five years ago.
Sale of Four Apartment/Commercial Properties – Main Street in Downtown Columbia SC
In August 2022, four properties located on Main Street in Columbia’s Central Business District totaling 170 units and 65,000 SF of office and retail space that were leased and managed by Synco, were sold to a single buyer. One of the properties, the Tapp’s Building, consisting of 42 apartment units and 23,500 SF of retail space, was owned by a partnership sponsored by the company. The other three assets were owned by entities sponsored by the Prioreschi family. The Prioreschi’s have a long track record with historic rehabs and conversions of office and retail properties to apartment use in Columbia, as well as other locations in the Carolinas. Synco acted as advisor to the Prioreschi family and their partners in this transaction.