Charlotte
The Beach Co. Catches Some Sun in the Carolinas
The firm’s Dan Doyle explains why the area will continue to play a starring role in the nation’s economic growth and weighs in on the biggest challenge for multifamily developers.
Panorama Breaks Ground on Charlotte TOD Project
JLL Carolinas will manage the development of the 309-unit Lumeo Apartments, located near the University City Boulevard station on the LYNX Blue Line extension.
Cushman & Wakefield Brokers $22M Deal in SC
Upstate Property Rentals sold the 22-building, 352-unit property to Nakash Family Land Trust and Mendel Fischer. The asset is located on the I-85 corridor.
Bucci Development Sells South Carolina Apartments
Cushman & Wakefield represented the seller in its disposition of The Village at Lake Wylie, a 392-unit property in Charlotte’s submarket of Lake Wylie, S.C.
Redwood Capital Buys New Charlotte Community
The real estate investment manager bought the 245-unit asset from developer Proffitt Dixon Partners. The property is located in the city’s Ballantyne neighborhood.
West Shore Invests $44M in SC Property
The company has acquired Riverwalk Apartments, a 307-unit Class A community in Rock Hill, S.C., around 22 miles from downtown Charlotte.
Cortland Sells Charlotte Community for $107M
Anson at the Lakes, a Class B multifamily asset with nearly 700 units, last changed hands in early 2015 for $60.2 million.
Charlotte Multifamily Report – Summer 2019
Despite a strong wave of deliveries over the past five years, the metro’s rents increased by 3.4 percent year-over-year, well above the national average.
Alpha Partners Enters Charlotte With Portfolio Buy
The firm’s first acquisition in the market includes 147 units across three communities. The owner plans to add value to the properties through significant renovations.
Carroll Org. Pays $39M for Charlotte Community
CBRE provided the buyer of the 268-unit luxury multifamily asset with more than $27 million in acquisition financing through Freddie Mac.