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New York investment firm gets $62 million from JP Morgan to buy Charleston-area apartments

Acquisition financing provided for Satori West Ashley located on John's Island just south of Charleston
Private real estate firm Raith Capital Partners secured financing to acquire Satori West Ashley, a 297-unit multifamily property located near Charleston, South Carolina. (CoStar)
Private real estate firm Raith Capital Partners secured financing to acquire Satori West Ashley, a 297-unit multifamily property located near Charleston, South Carolina. (CoStar)
By CoStar News Staff
August 30, 2024 | 3:51 P.M.

J.P. Morgan Real Estate Income Trust, Inc. provided a $62.4 million mortgage loan to an affiliate of New York City-based private real estate investment firm Raith Capital Partners to finance the acquisition of a 297-unit multifamily property named Satori West Ashley located on John's Island just south of Charleston, South Carolina.

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