Argosy Real Estate Partners, through Argosy Real Estate Income & Growth I, has acquired Palmetto Exchange Apartments, a 252-unit, 2017-vintage, class A apartment property located in the North Charleston submarket of Charleston, S.C.
Charleston has a diversified and rapidly expanding economy with advanced manufacturing, technology, logistics, military, education, healthcare, tourism and trade sectors serving as the major economic drivers. The attractive environment for businesses, low cost of living and warm climate has attracted numerous businesses and job seekers to relocate to the area. The property is situated in Ladson, approximately 15 miles north of downtown Charleston and within three miles of Palmetto Commerce Parkway, the metro area's primary cluster of high-tech manufacturing companies. The cluster contains several of Charleston’s largest employers, including Cummins, Boe
