Charlotte
HFF Secures $77M Construction Loan for NC Project
Senior Managing Director Travis Anderson, Managing Director Justin Good and Senior Directors Cory Fowler and Allan Lynch worked on behalf of the developer, ZOM Living. The Florida-based company is building a luxury community in Charlotte.
Bellwether Closes $42M for 3 Affordable Properties
The properties, all in Charlotte, N.C., include the 381-unit Southside Homes, the 176-unit Edwin Tower and the 161-unit Charlottetown Terrace.
ZOM Living Acquires Charlotte Site
ZOM Living has closed on the purchase of a 2.76-acre parcel in Charlotte, where the company plans to break ground in early 2018 on Hazel SouthPark.
Charlotte Teems With Demand Drivers
Employment growth made the city an attractive target for new and expanding businesses, while supporting long-term multifamily demand. Following last year’s cycle high in deliveries, some 6,800 units are slated for completion in 2017.
TWO Capital Breaks Ground on Charlotte Suburb Community
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.
SunCap Property Breaks Ground on NC High-End Community
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.
Miller-Valentine Unveils Beckett Farms in SC
The 280-unit luxury property in Fort Mill features a farmhouse aesthetic and offers amenities including a salt-water mineral pool, fire pit with grilling stations and private cabanas.
Boston Capital Nabs Charlotte, NC Community
The company acquired the 368-unit property on behalf of Boston Capital Income & Value U.S. Apartment Fund. The cost of purchase, including improvements, reached $60 million.
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.