Sep
04

Daniel Island Apartments Sell for $175,000/Unit

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The Charleston region’s strengthening local economy has prompted one real estate firm to buy two local apartment deals, with more investments likely.

Trade Street Residential said Tuesday that it has acquired Daniel Island’s Talison Row high-end apartment community from Charlotte-based Spectrum Properties for $48 million, or about $175,000 a key.

The 274-unit apartment community on Seven Farms Drive was opened in 2012.

The Daniel Island acquisition comes several months after Trade Street Residential entered the local market with the purchase of St. James at Goose Creek for $27.4 million, or $112,000 a key. That 244-unit complex opened in 2009.

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