Charlotte

Emma Capital Expands Footprint in Charlotte

The company acquired the 240-unit Grand Terraces Apartments and the 310-unit Stanford Reserve for $53 million. It plans upgrades on both properties.

PAC to Invest $18M in NC Multifamily Asset

The aggregate loan will be used by Oxford Properties to develop a 338-unit community in Charlotte. The investment comes with an option for PAC to acquire the asset following stabilization for a convenient sum.

Marcus & Millichap Capital Arranges $36M for NC Apartments

The company worked with PGIM to secure the financing for Aurora Apartments in Charlotte. Terms for the seven-year loan include an adjustable rate and 30-year amortization.

Monument Real Estate Services Names New VP

Alisha Huntsinger is the company’s new vice president of operations. She will oversee daily operations in support of the execution of the firm’s strategy.

Arbor Funds $15M in Charlotte Fannie Mae Deal

The company provided financing for the acquisition of Pressley Ridge Apartment Homes, a fully affordable, 504-unit property. Blackfin Real Estate Investors currently owns the asset.

SmartStop Asset Management Sponsors $57M Student Housing Sale

Strategic Student & Senior Housing Trust purchased a 592-bed community located near the University of Arkansas. The property was previously known as Sterling District, but its new owner dubbed it “The District.”

SkyHouse Uptown South Tower to Open in Charlotte, NC

Novare Group and Batson-Cook Development Co. are nearing completion of the community’s second phase. The 24-story building will open June 22.

Laurel Street Celebrates Opening of NC Community

The multifamily developer finished work on 757 North, a four-story residential project downtown Winston-Salem. The first residents are expected to move in by July 1.

Charlotte’s Boom

The metro’s multifamily market is one of the best-performing in the country, with healthy demand, job increases and strong growth potential.

Capital One Brokers $9M Loan for SC Community

The loan was used for the acquisition of The Terrace at Butler, a 132-unit property in Greenville. New York-based Ladder Capital provided the loan for Engel Realty Co.