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| Mission Harris Pavilion Apartments, Charlotte, NC |
CHARLOTTE, NC (Feb. 17,
2015) — Multi Housing Advisors (MHA) has arranged the $38.1 million sale of the
Middleburg Mission Portfolio located
in Charlotte, North Carolina. The 618-unit portfolio consists of three
apartment communities built between 1997 and 1999.
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| Mission Reedy Creek Apartments |
Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the seller,
Mission Charlotte DST, in the transaction. The properties were purchased by LIV
Apartment Partners, LLC.
“Charlotte continues to
demonstrate some of the strongest multifamily fundamentals in the country,
reaffirming its position as a top market going into 2016,” Robinson said. “This
portfolio provides the buyer with a strategic investment in a region poised to
provide promising returns for years to come.”
Details of the deals are
below:
· Mission
Harris Pavilion, a 249-unit property built in 1997, is located at the
intersection of University City Boulevard and Interstate 485 in the University
Area. The desirable neighborhood anchored in education and innovation, is
situated within minutes of the area’s most dense clusters of employment and
retail, including 23 Fortune 500 companies and over 25 energy, research and
technology focused companies.
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| Mission Control Place Apartments |
· Mission
Reedy Creek, a 207-unit property built in 1999, is located on East WT
Harris Boulevard, a highly travelled thoroughfare that provides convenient
access to the nearby employment nodes of Uptown and University City. The
established suburb around Mission Reedy Creek is forecasted to grow in
population.
· Mission
Concord Place, a 162-unit property built in 1997, is located in a desirable
and fast growing city in the Charlotte MSA. It is a highly accessible location
tucked off Interstate 85, providing quick access to Charlotte in addition to
the Triad and Triangle Regions of North Carolina.
For a complete copy of the company’s news release,
please contact:
Deborah Rogers
Multi Housing Advisors
404.645.7275
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