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| Afton Ridge Apartments, Concord, NC |
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| 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
404.645.7275
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