The 309-unit property is owned by Arel Capital and offers amenities such as dog park, two swimming pools and a fitness center. Cameron South Park was constructed between 1984 and 1985.
The properties, all in Charlotte, N.C., include the 381-unit Southside Homes, the 176-unit Edwin Tower and the 161-unit Charlottetown Terrace.
Capital Club will be a 312-unit community in Indian Land, S.C. Patterson arranged a preferred equity investment from RSE Capital Partners as well as a construction loan from Texas Capital Bank and HomeTrust Bank.
The four-story, 47-unit community will offer two-and three-bedroom apartments with rental rates estimated to start at $3,400 per month. The property marks SunCap’s first multifamily development in Charlotte.