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Alliance Residential Company closed on 18.67 acres of land located at 1730 Clements Ferry Rd., Charleston, South Carolina, for the development of MAA Point Hope. This 336-unit apartment community is located within the master planned community of Point Hope, a 9,000-acre property within close proximity to Daniel Island within the City of Charleston. For MAA Point Hope, Alliance Residential is partnering with MAA, a real estate investment trust (REIT).