Mesirow Pays $84M for Charlotte Community
The property previously traded in 2010.
Mesirow Financial has paid $83.7 million for Gramercy Square at Ayrsley, a 358-unit multifamily property in Charlotte, N.C., according to Yardi Matrix. Simpson Housing sold the community.
The buyer secured a $54.4 million Fannie Mae loan from Prudential Financial, the same source shows. Gramercy Square at Ayrsley previously changed hands in 2010, when Simpson Housing acquired it for $45.5 million from Woodfield Development.
Completed in 2009, Gramercy Square at Ayrsley is a 10-building community at 3201 Windshire Lane. Rising three and four stories, the buildings include one- to three-bedroom floorplans, with an average size of 988 square feet.
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Apartments include stainless steel appliances, vinyl plank flooring, living rooms with fireplace and a patio or balcony in each unit. Meanwhile, the amenity package at the pet-friendly community features a resident lounge, a swimming pool, a business lounge, a fitness center and grade-level parking with 728 spots.
Occupying nearly 10 acres, the property is close to Interstate 485 and multiple bus stops. Charlotte Douglas International Airport is 10 miles away, while downtown Charlotte is 12 miles from the community. Additionally, the asset is within Ayrsley, a mixed-use community in the city’s Southwest area, that includes five apartment and townhome communities, outdoor and indoor amenities, more than 20 restaurants and 88,000 square feet of office space.
Recent deals in Charlotte
Charlotte’s investment activity during this year’s first quarter reached $154 million, $20 million above the sales amount registered during the same period of last year, according to a recent Yardi Matrix report. The average sale price per unit reached $206,394 during this year’s first quarter, notably higher when compared to the $177,861 recorded during the same period of 2024.
A notable transaction in the metro was Weidner Apartment Homes’ $107.5 million acquisition of a 484-unit property. The company picked up CityPark View, a garden-style community sold by LivCor, while also securing a Fannie Mae loan.
In early June, Ascent Housing purchased Woodford Estates, a property encompassing 228 units, for $30.2 million or $141,228 per unit. The buyer also secured three separate permanent loans to finance this acquisition.
