The property involved in this transaction is Palmetto Place Apartments, situated at 6000 Palmetto Place in Fort Mill, SC. Weidner Apartment Homes acquired this multi-family asset for $27.7 million, representing a price per unit of $150,543. The complex encompasses 184 units spread across 12.6 acres and features a garden-style design. Built in 1996, the property offers one-to-three-bedroom units with rental rates ranging from $1,465 to $1,715 and includes amenities such as a pool, fitness center, and dog park.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $27,700,000
• Buyer: Weidner Apartment Homes
• Seller: Palmetto Residences LLC
• Units: 184
• Price per Unit: $150,543
• Address: 6000 Palmetto Place, Fort Mill, SC

The buyer, Weidner Apartment Homes, specializes in the ownership and management of multi-family properties, while the seller, Palmetto Residences LLC, completed this transaction to divest of the asset. This deal represents a strategic move for Weidner Apartment Homes as it expands its footprint in the Fort Mill market.