Exclusive: Arlington Properties Sells Charlotte Asset for $66M
National Equity Fund originated a $49.6 million acquisition loan for this deal.
Image courtesy of Yardi Matrix
Arlington Properties has sold 1001 Tyvola, a 297-unit community in Charlotte, N.C., to Community Solutions for $66.2 million, according to Yardi Matrix information. National Equity Fund issued a $49.6 million acquisition loan, set to mature in December 2032.
The sale marks the first time the community trades. Completed in 2023 by Arlington Properties, the property consists of four four-story buildings across a 10-acre site.
The unit mix comprises studios, one-, two- and three-bedroom apartments. Unit sizes range from 457 to 1,400 square feet, the same data provider shows. Community amenities include a fitness center, business center, clubhouse, swimming pool and grade-level parking with more than 340 spaces.
The property is at 2051 Establishment Way, close to the interchange between Interstate 77 and North Carolina State Route 4, which connect 1001 Tyvola to downtown Charlotte, 8 miles north. The community is across the road from retailers including Costco Wholesale and ALDI.
Since its founding in 1969, Arlington Properties has developed more than 35,000 multifamily units, according to its website. The firm has recently completed another community in Charlotte. Dubbed Tapestry University City, the 352-unit property is at 5340 Periwinkle Hill Ave.
Charlotte multifamily sector recalibrates
In 2025, Charlotte’s multifamily transaction volume reached $1.7 billion, with 43 assets changing hands at an average per-unit price of $211,828, according to Yardi Matrix information. Meanwhile, the total investment figure recorded in 2024 was 22 percent higher, clocking in at $2.2 billion from the 68 properties that changed hands The average per-unit price clocked in at $184,060—13 percent lower than the 2025 figure. Though 2025 had fewer transactions, the higher average price per unit points to a tighter market.
In another Charlotte-area deal, in November, a joint venture between Hillridge Capital and Broad Creek Capital acquired Loft One35, a 298-unit community for $94 million. Wafra Investment Advisory Group sold the asset completed in 2016.
