Charlotte
NC Community Lands $39M Refi
Chaucer Creek Capital, Richardson Properties and Kassinger Development Group will use the loan to refinance Audubon Place, a 342-unit property in Arden.
Walker & Dunlop Taps New Finance SVP
Michael Davis will be responsible for originating multifamily loans through the lending programs of HUD, Fannie Mae and Freddie Mac.
American Landmark Continues NC Expansion
The company has acquired the 339-unit Sterling Town Center in Raleigh and the 312-unit Integra Springs at Kellswater in Charlotte. Both communities will undergo extensive renovations.
Cushman & Wakefield Brokers $33M Charlotte-Area Sale
Jordan McCarley, Marc Robinson and Watson Bryant of the company’s Southeast Multifamily Advisory Group facilitated the disposal of Fountains at Mooresville Town Square, a 227-unit community in Mooresville, N.C.
Waypoint Residential Expands Student Housing Portfolio
The 576-bed property serves students attending the University of North Carolina at Charlotte. The new owner is set to upgrade the units, common areas and amenities.
Dominion Realty Sells $69M NC Community
Centric Gateway in Charlotte is a 297-unit, newly completed mid-rise community with major street exposure. HFF brokered the deal on behalf of the seller.
Trez Forman Funds $42M Charlotte Property
Caldwell Station NC is developing a 20-building community that will feature 371 parking spaces, a saltwater pool and a dog park.
New Supply Softens Rent Growth in Charlotte
Despite decelerating rents, investors remain focused on the metro’s multifamily market, which is set to expand by 5,800 new units this year.
American Landmark Expands NC Footprint
The Florida-based company teamed up with Electra America to acquire a three-property portfolio comprising more than 1,000 units. The new owners plan to invest up to $8 million in renovations.
Blaze, True North Acquire Charlotte Property
The 210-unit Galleria Village Apartments marks the partners’ second purchase in the Charlotte area. The community offers access to a swimming pool, a car-care center and a clubhouse.