 |
| 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 www.addisonparkapt.com
.
For a complete copy of the company’s news release,
please contact:
Tekippe,
atekippe@taylorjohnson.com, (312) 267-4528
Kim Manning,
kmanning@taylorjohnson.com, (312) 267-4527
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