Texas Firm Buys 350-Unit South Ridge Complex
The Dinerstein Companies acquires the apartment property near downtown Greenville from Railfield Realty.
Updated on Nov. 11, 2026 in Commercial
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The Dinerstein Companies, a Texas-based real estate firm, has purchased South Ridge, a 350-unit apartment complex near downtown Greenville. The seller was Railfield Realty, which sold the property through Northmarq.
Why it matters
The sale places a large rental property in a downtown area positioned near the County Square redevelopment, reflecting investor interest in Greenville's growth. Greenville renters and nearby businesses may see changes as the new owner plans upgrades.
South Ridge spans six buildings on 8.7 acres and houses 350 units, with average occupancy of 94 percent since 2023. Net operating income grew 28 percent over the same period, but the sale price has not been disclosed and sale documents were not yet on file with the county.
The players
The Dinerstein Companies
A Texas-based real estate firm that acquired South Ridge and plans to upgrade its amenities and renovate its units.
Railfield Realty
The seller of South Ridge, which completed the sale through Northmarq.
Northmarq
A commercial real estate firm that represented the seller and arranged a three-year bridge loan for the buyer through AllianceBernstein.
The details
South Ridge includes ground-floor retail businesses, including Biscuit Head, and sits across from the County Square redevelopment. Northmarq's debt and equity team arranged a three-year bridge loan for The Dinerstein Companies through AllianceBernstein to finance the purchase. The buyer plans to upgrade amenities and renovate units.
Timeline
2015: South Ridge units received their original finishes.
2023: South Ridge began the occupancy and income performance period reported in the sale.
November 11, 2026: Sale of South Ridge was reported.
Market Landscape
The purchase places a 350-unit complex directly across from the roughly $1 billion County Square redevelopment, linking private rental investment to public-scale downtown projects. It reflects investor interest in Greenville's downtown as a growth market.
Greenville renters at South Ridge may see amenity upgrades and unit renovations as The Dinerstein Companies takes over management. Residents and shoppers near the Church Street and University Ridge intersection will also be near ongoing changes to the downtown area.
The takeaway
Investors are increasingly targeting downtown rental properties tied to public redevelopment projects. Renters in such buildings should watch for renovation schedules and changes to lease terms after a sale.
Further reading
For more on commercial property deals shaping the city, see Commercial real estate coverage in Greenville.
Source note: This article includes information reported by Post and Courier.
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