Summit at Paradise Valley

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    The American Institute of Architects' Architecture Billings Index rose to 52.8, an uptick compared to April, which bodes well for construction spending in the upcoming year.

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    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.

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    Totaling a combined 388 units, the Woodglen and Forest Pointe communities offer a mix of one- and two-bedroom units. Carter Multifamily purchased Forest Pointe earlier this year.

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