Saturday, March 19, 2016

Multi Housing Advisors Brokers $47 Million Sale of Apartment Community in Concord, NC

Afton Ridge Apartments, Concord, NC

Jordan McCarley
CHARLOTTE, NC  — Multi Housing Advisors (MHA) has arranged the $47 million sale of Afton Ridge.  Built in 2014 and 2015, the 360-unit apartment community is located near Charlotte, North Carolina.

Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the seller, Afton Ridge Apartments, in the transaction. The property was purchased by an undisclosed buyer.

“There continues to be an incredible demand for newer assets in quality locations,” McCarley said. “With a skilled workforce and well developed infrastructure system, the Concord area continues to experience strong population growth resulting in very attractive supply-and-demand characteristics.”

Afton Ridge has a Class A amenity package, including a resort-style swimming pool, state-of-the-art fitness center, stainless steel appliances, and granite countertops. The property is also conveniently located near shopping, Interstate 85 and Interstate 485.           

 For a complete copy of the company’s news release, please contact:
Deborah Rogers
Multi Housing Advisors

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