Similar investor-backed revitalization programs have popped up around the state, including in Greenville, said Elaine Worzala, director of the College of Charleston’s Carter Real Estate Center.
“If they can get a fund for a substantial amount of the area, it’s more likely to take hold,” she said. “Doing it one-off will take longer, so it’s better if they can get a pool of funds to literally buy a bunch of homes and turn them around much quicker, and that makes everything much more valuable.”
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