Wayne Smith Grubb & Ellis Wilson Kibler, Inc has announced its Special Assets Division has exceeded projections in sales in its first year of operation, including the sale and purchase of over 100 single family lots in the Columbia and Greenville markets in December alone.

According to C. Marshall Kibler, president of Wilson Kibler, Inc., “The Special Assets Group has concentrated in the areas of bulk sales of single family lots, condominiums, single family homes, and residential land transactions.”

Wayne Smith, managing director of Special Assets, said, “Amid the uncertainty of the housing market, we have found opportunity and have been fortunate to represent land owners, institutions, and builders assisting in their dispositions and acquisitions.”

Smith expects gradual improvements in the housing market in general and the new housing market in particular stating, “We expect another good but unpredictable year.”