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| The Apartments at Blakeney, Charlotte, NC |
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| Jason Nettles |
ATLANTA, GA – HFF announced today that it has closed the
sale of The Apartments at Blakeney, a 295-unit multi-housing community
in Charlotte, North Carolina.
This is the first property to close in a seven-asset, Class
A Southeast and Mid-Atlantic U.S. multi-housing portfolio that HFF marketed on
behalf of the owner, Northwood Ravin and affiliates.
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| Matthew Lawton |
Associated Estates Realty Corporation purchased The Apartments at
Blakeney. Associated Estates expects to
close on the balance of the portfolio in stages through fourth quarter 2014.
The HFF investment sales team representing the seller was
led by senior managing director Jason Nettles and executive managing directors
Matthew Lawton and Mark Gibson.
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| Mark Gibson |
“High-quality, well-located assets are in short supply and
portfolio transactions offer institutional investors the opportunity to acquire
assets that would be difficult to assemble in one-off purchases,” said Nettles.
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| John Kukral |
“This was a very limited offering process, with a handful of
very qualified buyers competing for some of the highest quality multi-housing
assets in the Southeast and Mid-Atlantic.”
Northwood Ravin was formed by Northwood Investors LLC and
Ravin Partners LLC. Northwood Investors
is a privately-held real estate investment advisor with more than $3 billion of
assets under management.
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| David Ravin |
Northwood Investors was founded in 2006 by John Z. Kukral. Ravin Partners was established in 2011 by David
Ravin, the former president of the Residential Division of Crosland. Northwood Ravin develops, constructs and
manages award-winning luxury multifamily communities throughout the southeast.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 |
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