FORT MILL, SC - Weidner Apartment Homes, the 12th-largest owner of multifamily housing in the U.S., has acquired Palmetto Place Apartments in Fort Mill, SC, one of the fastest-growing submarkets in the Charlotte metropolitan area. This acquisition marks Weidner’s first community in South Carolina and brings the company’s Charlotte MSA portfolio to 1,068 apartment homes.
Built in 1996 on 12.55 acres, Palmetto Place is a 184-unit garden-style community with various one-, two-, and three-bedroom homes totaling 177,508 square feet of net rentable area. The community features three finish levels across the unit mix, offering a compelling value-add while still catering to a mix of renters. Additionally, in recent years, the community’s shared spaces, amenities, and landscaping have undergone capital improvements.
Residents benefit from well-appointed in-home features, including fireplaces, stainless steel appliances, wood-style plank flooring, walk-in closets, full-size in-unit laundry, and private patios or balconies. Community amenities include a clubhouse, fitness center, pool with sundeck, bark park, playground, gazebo with grilling stations, and the updated sports court. The property also provides 346 surface parking spaces.
Fort Mill has emerged as one of the most desirable residential areas in the Carolinas, driven by sustained in-migration, a robust employment base, and nationally recognized schools. Located just 20 minutes south of Charlotte’s central business district, the community benefits from direct access to major employment centers while offering South Carolina’s lower cost of living and favorable tax environment. Corporate growth from employers such as Lash Group, LPL Financial, Continental Tire, Schaeffler, and Silfab Solar has reinforced the area’s strong economic position.
Weidner Apartment Homes is the sole owner and manager of Palmetto Place Apartments and looks forward to continuing its investment in the greater Charlotte area while supporting residents within the community.
About Weidner Apartment Homes: Founded by W. Dean Weidner in 1977, Weidner Apartment Homes is a real estate investment and property management company recognized for efficiently providing quality rental apartment homes and creatively developing new housing. The company is headquartered in Kirkland, WA, and its portfolio spans 14 U.S. states and four Canadian provinces. For more information, please visit www.weidner.com