Tuesday, February 16, 2016

Multi Housing Advisors Brokers Sale of 392-Unit Apartment Community in Asheville, NC

The Meadows Apartments, Asheville, NC

Marc Robinson

CHARLOTTE, NC — Multi Housing Advisors (MHA) has arranged the sale of The Meadows, a 392-unit apartment community located in Asheville, North Carolina.

Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the seller, Bell Partners Inc., in the transaction. The property was purchased by Graycliff Capital Partners, LLC, located in Greenville, South Carolina.

“This transaction represents a tremendous opportunity for new ownership to breathe fresh life into an established, well-maintained asset located in what is quietly one of the stronger markets in the Carolinas,” McCarley said.

The Meadows, built in two phases, is located on New Leicester Highway, which provides excellent access to Downtown Asheville as well as major transportation arteries. It is uniquely positioned in a thriving market, with high barriers to entry and a lack of direct competition.

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

Deborah Rogers
Multi Housing Advisors

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