NY-Based Buyer Purchases 4th CHS Area Apartment Community At $65k/u

URS Capital Partners bought Summit Place on Ashley Phosphate Road in N CHS for its fourth acquisition in the area in the past two years.  It paid $14.7M for the 226-unit community, or about $65k/unit.  The buyer plans abut $2M in renovations.   John McDermott of The Post and Courier has the announcement.

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 July 27, 2015, in CHS Multi-Family, The Post and Courier, Transactions and tagged , , , . Bookmark the permalink. Leave a comment.

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