Multi-million dollar apartment complex renovations in Charleston, SC

Aster Place Apartments, 1840 Carriage Ln. | Image via Google Maps

$30.9 million. The amount of money CBRE Capital Markets’ Debt & Structured Finance has arranged in financing for the acquisition of Aster Place Apartments — a 288-unit garden-style apartment complex in West Ashley.
Who’s the buyer? Strata Equity Group — based in San Diego

Where’s the property located? 1840 Carriage Ln.

What are the property features? Two stories with 1, 2, and 3-bedroom floor plans — averaging 825 sqft.

Amenities at the property include a swimming pool, dog park, fitness center, playground, clubhouse + storage. The company plans on spending $3.6+ million on the property’s upgrades.

Click the button below to learn more about CBRE securing financing for this apartment community.

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Vagney Hampshire

Vagney is a proud Texas native with a background in print and broadcast journalism. Born and raised in Houston and earning her journalism degree at The University of Texas at Austin, Vagney joined 6AM City as a City Editor in Charleston, SC in 2020, then moved back to her home state to launch ATXtoday. She relocated to the Appalachian Mountains in 2022. Vagney is now 6AM City’s Content Marketing Specialist. In her spare time, she enjoys creative writing, reading, crossword puzzles, working out, and playing with her two adorable Bernedoodles.