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 execute efficiently in a time-sensitive environment.

Built in 2023, The Palms at Edgewater features a high-quality construction profile with modern amenities, strong in-place occupancy, and day-one cash flow. The property was acquired at an attractive basis with positive leverage and long-term upside.

"We're proud of the speed and precision our team demonstrated on this deal," said Chris Urso, Managing Partner of URS Capital Partners. "In a volatile rate environment, we were able to secure 5-year fixed agency debt at 4.77%—a rare win, with timing on our side. That speaks to the strength of our lending relationships and discipline in underwriting."

"Uncertainty creates windows of opportunity," Urso continued. "We're not retreating—we're growing strategically, with great partners by our side."

Chris Gorman, Managing Director of Investments, added: "We're excited to re-enter the Charleston market with a 2023 vintage asset that offers strong in-place cash flow at an attractive cost basis. It's a great example of our ability to stay patient yet move decisively when the right opportunity emerges."

This acquisition is URS's eighth since the beginning of 2024 and further reflects the firm's continued strategy of leaning into market dislocation to capture long-term value.

Transaction Highlights:

• 288-unit community acquired for $58.5 million
• 2023 construction with modern finishes and amenities
• Closed in under 60 days to meet seller's loan maturity
• 5-year fixed agency loan secured at 4.77%
• Day-one cash flow with positive leverage

URS extends its gratitude to the investors—both long-time supporters and new partners—who helped bring this deal to the finish line.

About URS Capital Partners
URS Capital Partners is a vertically integrated real estate investment firm focused on acquiring and repositioning multifamily assets across high-growth Southeastern markets. As of May 2025, URS's active portfolio includes 11 properties totaling 2,592 units. The firm is looking to actively expand its portfolio by targeting assets with strong fundamentals and a quantifiable value-add component, capitalizing on market dislocation to unlock long-term value. URS is committed to generating superior returns for its partners while curating communities that residents are proud to call home.

Media Contact:
Rebecca Windsor
631-683-5176
[email protected]

SOURCE URS Capital Partners