Wednesday, November 4, 2015

Multi Housing Advisors Brokers $33.7 Million Sale of Apartment Community near Charlotte, NC

The Reserve at Kenton Place, Cornelius, NC

Jordan McCarley
CHARLOTTE, N.C. (Nov. 4, 2015) — Multi Housing Advisors (MHA) has arranged the $33.7 million sale of The Reserve at Kenton Place, located in Cornelius, North Carolina. The Class A property was built in 2014 and is comprised of 210 units.

Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the seller, Kenton Place Partners LLC managed by Jeffrey L. Byrd and Lance E. Youngquist, in the transaction. The property was purchased by Middle Street Partners.

“We feel that this high quality asset will provide the new owner with promising returns in what continues to be a very attractive, high growth market for investment capital,” McCarley said. “The property’s Lake Norman location provides a combination of convenience and efficiency that caters to its fast growing population.”

The Reserve at Kenton Place is a newly constructed low rise that features elevators, conditioned corridors, high ceilings, mahogany cabinetry, granite countertops and stainless steel appliances. The property is located in the explosive Lake Norman area, one of the most desired residential suburbs of Charlotte, N.C.

For a complete copy of the company’s news release, please contact:

Deborah Rogers
Multi Housing Advisors

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