Sunday, March 6, 2016

Waterton Purchases 426-Unit Addison Park Apartments in Charlotte, NC

Matthew Masinter
CHICAGO, IL — Waterton, a U.S. real estate investor and operator, announced the acquisition of Addison Park, a 426-unit rental community in Charlotte, North Carolina. 

Situated on 44 landscaped acres in the Harris Boulevard / Mallard Creek submarket, the community comprises 22 three-story buildings with attached, direct-access garages.

 Apartments offer a mix of one-, two- and three-bedroom floor plans, each with 9-foot ceilings, a wood-burning fireplace and private patio or balcony.

Community amenities include two resort-style swimming pools with sun decks, a resident clubhouse, 24-hour fitness facility, fully equipped business center, outdoor grilling area, children’s playground, car detailing station and on-site “bark park” with grooming station.

“There continues to be strong demand for luxury rental housing in Charlotte,” said Matthew Masinter, senior vice president of acquisitions at Waterton. “This was an opportunity to acquire an attractive asset in a highly sought-after location, with proximity to schools, retail and major employment centers like Charlotte’s University Research Park.”

As the new owner, Waterton plans to renovate unit interiors and common areas to increase the marketability of the complex.

“Our capital improvement strategy will put us in a better position to compete against existing rental stock and new apartment projects currently in the pipeline,” said Masinter.

 For more information on Addison Park, call (844) 681-7057 or visit
For a complete copy of the company’s news release, please contact:

Tekippe,, (312) 267-4528

Kim Manning,, (312) 267-4527

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