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| Chesterfield Apartments |
CHARLOTTE, N.C. (Apr. 19,
2015) - Multi Housing Advisors (MHA) has arranged, in separate transactions,
the sales of two apartment communities located in the Triad Region of North
Carolina. Marc Robinson, Jordan McCarley
and Watson Bryant of MHA’s Charlotte office represented the sellers in the
transactions.
“As the Triad continues to
expand its economy, embracing industries as diverse as aerospace, bioscience
and logistics, the multifamily market remains steady,” Robinson said.
“Investment capital has taken notice as Triad job growth remains positive and rent
growth healthy.”
Details of the deals are
below:
 |
| Spring Forest at Deerfield Apartments |
· Cottonwood
Residential sold Spring Forest at Deerfield to Peak Capital. The 192-unit
property was built in 2002 and is strategically located along Interstate 85 in
an area commonly referred to as the “Carolina Corridor”, which connects two of
the fastest growing metro areas on the East Coast.
· Brown Investments sold Chesterfield to an undisclosed buyer.
The 294-unit property was built in 1980 and 1983.
The property is conveniently
located in Winston-Salem next to major employment opportunities and retail
destinations such as the Forsyth Medical Center, Wake Forest University Baptist
Medical Center, and Hanes Mall.
For a complete copy of the company’s news release,
please contact:
Deborah Rogers
Multi Housing Advisors
404.645.7275
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