URS Capital Partners Acquires The Palms at Edgewater, a 288-Unit Class A Community in Summerville, SC

URS Capital Partners Acquires The Palms at Edgewater, a 288-Unit Class A Community in Summerville, SC

Acquisition Marks URS's 8th Deal Since January 2024 and Underscores the Firm's Ability to Execute Quickly in a Complex Market. SUMMERVILLE, S.C., May 8, 2025 /PRNewswire/ -- URS Capital Partners has successfully acquired The Palms at Edgewater, a 288-unit Class A multifamily community located in the rapidly growing Charleston suburb of Summerville, South Carolina. The $58.5 million transaction closed in under 60 days, showcasing URS's ability to…

URS Capital Acquires Palms at Edgewater Apartments in Summerville, South Carolina for $58.5M

SUMMERVILLE, S.C. — URS Capital Partners has acquired The Palms at Edgewater, a 288-unit apartment community in the Charleston suburb of Summerville, for $58.5 million. The seller was not disclosed. The Huntington, N.Y.-based buyer financed the acquisition with a five-year, fixed-rate agency loan. Built in 2023, Palms at Edgewater features a mix of one-, two- and three-bedroom apartments ranging in size from 778 to 1,200 square feet, according t…