Charlotte
Charlotte Redevelopment Moves Forward
Developer Terwilliger Pappas plans to build a 272-unit apartment community within City Park, a sprawling master-planned community on the former site of an 18,000-seat sports arena.
Arbor Realty Finances Charlotte Acquisition
The purchase brings FriedLam Partners’ Charlotte portfolio to 11 market-rate multifamily properties totaling more than 1,500 units across the metro.
White Eagle Buys Charlotte Community for $32M
The company purchased the 240-unit York Ridge from FCP and High Real Estate Group with plans to reposition and rebrand the asset, in the latest deal for the city’s robust multifamily sector.
MLA Properties Buys Charlotte-Area Apartments
The company’s first investment in the metro includes 260 recently completed Class A units situated 15 miles southwest of the city center.
Rincon Partners Enters Charlotte Market
Greystone provided a $13 million Fannie Mae loan for the acquisition of a 144-unit property that changed hands for more than $19 million.
Charlotte Affordable Housing Property Underway
Developed by the NRP Group, Platform Lofts is one of the first affordable housing communities located on a new extension of the city’s light-rail system.
Wood Partners Begins Construction of Charlotte Community
The developer is building the 238-unit luxury asset with more than $26 million in construction financing from First Citizens Bank.
Laurel Street Residential Expands Charlotte Footprint
Bellwether Enterprise provided the buyer of the 98-unit multifamily asset with more than $6 million in acquisition financing through Fannie Mae.
Charlotte Community Trades for $34M
Greystone provided the buyer, Dasmen Residential, with a 10-year Freddie Mac acquisition mortgage for the Class B, 320-unit multifamily asset.
Charlotte Multifamily Report – Winter 2019
Above-average employment growth and positive demographic trends have boosted investment activity across the metro, where $2.5 billion in multifamily assets changed hands in 2018.