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West Coast Investment Firm Acquires Affordable Housing Community in South Carolina

Standard Communities Seeks Other Acquisition Opportunities Outside Charleston

A view of the Canebreak Apartments in Summerville, South Carolina, a small city within the greater Charleston area. (CoStar)
A view of the Canebreak Apartments in Summerville, South Carolina, a small city within the greater Charleston area. (CoStar)

The affordable housing division of Standard Companies, an investment firm that focuses on acquiring distressed assets across the real estate spectrum, acquired an affordable housing community in Summerville, South Carolina, via a long-term ground lease and is planning an extensive renovation of the property.

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