URS CAPITAL PARTNERS BUYS CHARLESTON MULTIFAMILY COMMUNITY

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CHARLESTON, S.C. — URS Capital Partners has acquired Pepperhill & Palmetto Apartments, a 266-unit apartment community in Charleston. The property will soon be renamed Ashley Village. The New York-based investor purchased the asset using a mix of debt and private equity. Chris Kinder of CK Realty Partners arranged Fannie Mae financing on behalf of URS. Ashley Village is the second Charleston apartment community that URS has purchased in the past 12 months.

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