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About
About The Palms at Edgewater
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Palms at Edgewater, a premier 288-unit multifamily asset located in Summerville, SC. Built in 2023, this Class-A community is strategically positioned in one of Charleston’s most desirable, high-growth submarkets, providing residents a wealth of lifestyle offerings and access to the area’s largest employment nodes. The surrounding area features exceptional long-term fundamentals, including affluent demographics ($105k avg. HHI), a dwindling supply pipeline with top absorption projections in the Charleston MSA, and significant barriers to entry.
With an average of 27 move-ins since January, The Palms at Edgewater presents new ownership a distinctive opportunity to invest in a high-performing asset, characterized by positive operational momentum and impressive leasing trends. Boasting outsized floorplans, the property trails top submarket competitors by nearly $150, ideally positioning the property to secure significant rental gains as it reaches stabilization and enters its second generation of leasing.
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