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Closed: The Palms at Edgewater C-Port Equity and our Partners have successfully closed on The Palms at Edgewater. This acquisition marks a strategic addition to the fund’s growing portfolio, emphasizing its focus on high-potential, income-generating assets in desirable sunbelt locations. Situated in the thriving Charleston (MSA), the property offers a blend of modern amenities and strong rental demand, positioning it as a valuable investment with significant upside. The deal underscores the...
Apartment Demand Continues to Outpace Supply Looking into the rearview mirror of Q1 shows a reacceleration of apartment demand as record deliveries over the past 2-years have been absorbed. Demand exceeded the concurrent supply as the country delivered nearly 577,000 apartment units in the first quarter of the year. This marked the highest supply level in over 50 years, except for the previous quarter's record of approximately 589,000 units. Looking ahead, the supply volume is expected to...