Long Island-based URS Capital Partners re-entered the Charleston market with the acquisition of The Palms at Edgewater, a 288-unit rental apartment complex located in the Charleston suburb of Summerville, South Carolina. Cushman & Wakefield arranged the $58.5 million transaction, which works out to a per-unit sale price of $203,125.
288-unit apartment complex in fast-growing Charleston suburb trades hands
Long Island investment firm has acquired The Palms at Edgewater in Summerville, South Carolina, for $58.5 million
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IN THIS ARTICLE
- Properties
- The Palms at Edgewater
1005 Sonoran Cir, Summerville, SC
- Contacts
- Alex McDermott
Executive Managing Director, Cushman & Wakefield
- Rhodes Marley
Senior Associate, Cushman & Wakefield
- Charles Gravina
Senior Associate, Cushman & Wakefield