Edgewater Plantation Apartments Sells for $161k/u

The 15-year old 360-unit Edgewater Plantation Apartments on Wando Park Blvd. was purchased by New York-based Blackstone Real Estate at $58M, or $161k/u, after selling just three years ago for about $39M according to the article (we hear $42.7M by the way).  Also mentioned, the $320k/u sale of Elan at Midtown in November to JPMorgan and the suburban Woodfield Long Point that New York-based Sentinel bought at $215k/u.  Colliers own Seth Clark is quoted in the article by Warren Wise of The Post and Courier.

About charlestonCREblog

30 years' in the commercial real estate biz - investment sales, consulting, banker, appraiser, brokerage. Trained in Atlanta and moved to the Lowcountry in 2008 and now sharing offices in Charleston and Jacksonville, FL. Exclusive listings, buyer representation, and consulting/analysis to help clients make the best commercial real estate decisions.

Posted on March 14, 2015, in CHS, CHS Jobs/Economy, CHS Multi-Family, The Post and Courier, Transactions and tagged , , , , , , . Bookmark the permalink. Leave a comment.

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