1800 Ashley West, a 209‑unit garden apartment community in West Ashley, features a resort‑style pool and extensive resident amenities.
Charleston, SC, August 29, 2025
The Housing Authority of the City of Charleston closed on 1800 Ashley West, a 209‑unit garden apartment community in West Ashley, for $39.75 million. The sellers were Urban Landings and Stonemark Capital, represented by Northmarq’s Charlotte Multifamily Investment Sales team. Built in 1980 and offering a mix of classic and renovated one‑ and two‑bedroom units, the community includes upgraded finishes and standard conveniences. Amenities include a resort‑style pool, outdoor fitness area and pickleball courts, plus a clubhouse, dog park and playground. The public‑sector acquisition underscores demand for multifamily assets to expand workforce and community housing options.
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Despite challenges like rising costs and inventory concerns, regional and community banks are still drawn to a specific CRE asset class for construction loans.
While the competition from private lenders remains fierce, bankers say opportunities for collaboration are also a factor at play.
The Housing Authority of the City of Charleston acquired 1800 Ashley West, a garden apartment community of 209 units located at 1800 William Kennerty Dr., Charleston, South Carolina, in a transaction that closed for $39.75 million. The buyer plans to continue using the complex to serve community housing needs in the West Ashley area.
The acquisition is notable for bringing together public agency capital and investor interest in a busy rental market. Local officials and market participants see the move as part of a broader effort to expand quality workforce housing in the Charleston metropolitan area. Investor competition for the West Ashley asset was strong, and the Housing Authority’s interest in keeping the property available to residents was a decisive factor in completing the sale.
Built in 1980, 1800 Ashley West is a garden-style complex offering a mix of classic units and three tiers of renovated homes. The property includes one- and two-bedroom floor plans with elevated finishes and roomy layouts. Optional in-unit features include granite countertops and stainless steel appliances. Flooring options range from wood plank styles to bedroom carpeting where applicable. Units are also equipped with digital thermostats, ceiling fans, walk-in closets, washer/dryer connections and high-speed internet access.
Residents at the property have access to a variety of on-site amenities designed for active living and social connection. Those include a resort-style pool with a sun deck, pickleball courts, an outdoor fitness area, a fire pit with hammocks, a playground, a clubhouse, a dog park and an on-site laundry facility. The property sits in the heart of West Ashley with easy access to shopping, dining and entertainment, and is roughly seven miles from downtown Charleston. Interstate 526 is nearby, which supports commuting and regional connectivity.
The sale was completed with representation from Northmarq’s Charlotte Multifamily Investment Sales team, led by Dane Lozier, Ron Corrao and Eric Liebich. Northmarq represented sellers Urban Landings and Stonemark Capital in the transaction. Market participants noted both investor appetite and the Housing Authority’s mission-driven interest aligned to bring the deal to a close.
Northmarq positions itself as a full-service capital markets resource for commercial real estate investors, combining debt, equity, investment sales, loan servicing and fund management services. The firm highlights a loan servicing portfolio above $78 billion and a three-year transaction volume near $69.5 billion. For more information, visit www.northmarq.com.
Separately, Northmarq’s Charlotte Multifamily Investment Sales team also represented Trammell Crow in the sale of Alexan Mill District, a 290‑unit apartment community at 1001 N. Brevard St., Charlotte. That newer asset, built in 2024, sold to the Seminole Tribe of Florida Sovereign Wealth Fund for $82 million. Alexan Mill District offers studio, one- and two‑bedroom units with private balconies and dual‑entry porches, and a long list of lifestyle amenities including a rooftop lounge, saltwater pool, indoor/outdoor supper club and a 24/7 fitness center.
The Charleston market remains active for both public and private buyers. Industry events such as Connect Apartments on September 11 will explore affordability, innovation, market dynamics and investment opportunities; more information is available at www.connectapts2025.com. Location tags for related coverage include Charlotte, NC; Greenville, SC; and Gastonia, NC (United States).
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The Housing Authority of the City of Charleston purchased 1800 Ashley West, a 209‑unit garden apartment community, for $39.75 million.
The property is at 1800 William Kennerty Dr., in the West Ashley area of Charleston, about seven miles from downtown and near Interstate 526.
Units include one‑ and two‑bedroom homes, plus a range of renovated options. Some units feature granite countertops, stainless steel appliances, and wood plank floors.
Amenities include a resort‑style pool, sun deck, pickleball courts, outdoor fitness area, clubhouse, dog park, playground, fire pit with hammocks and on‑site laundry.
Northmarq’s Charlotte Multifamily Investment Sales team represented the sellers, Urban Landings and Stonemark Capital.
Visit www.northmarq.com for firm details and www.connectapts2025.com for event information on Connect Apartments.
| Feature | Details |
|---|---|
| Property | 1800 Ashley West |
| Address | 1800 William Kennerty Dr., Charleston, SC |
| Units | 209 |
| Sale price | $39.75 million |
| Buyer | Housing Authority of the City of Charleston |
| Sellers | Urban Landings; Stonemark Capital |
| Broker | Northmarq Charlotte Multifamily Investment Sales team |
| Built | 1980 |
| Amenities | Resort pool, pickleball, outdoor fitness, clubhouse, dog park, playground, laundry |
| Nearby | West Ashley shopping/dining, Interstate 526, ~7 miles to downtown Charleston |
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Use of and/or registration on any portion of the site constitutes acceptance of the User Agreement (updated August 13, 2024) and Privacy Policy (updated July 1, 2025). The material on the site may not be reproduced, distributed, transmitted, cached or otherwise used except with prior written permission.
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