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| Andrea Howard |
CHARLOTTE, NC – JLL Capital Markets announced it closed the $21.75 million sale of the 140-unit Reserve at Waterford Lakes multi-housing property in Charlotte, North Carolina.
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| John Currin |
Largely unrenovated, Reserve at Waterford
Lakes features one- and two-bedroom options with differentiated features such
as elegant built-in shelving, crown molding and semi-open concept floorplans.
Community amenities include a pool, clubhouse, picnic and grilling areas, fitness center, Bark Park and a business center.
The apartments are located at 8725 Kody
Marie Court and positioned near many restaurant, nightlife and retail options,
and just 20 minutes from the bustling Downtown Charlotte.
Nearby
are prominent neighborhoods poised for continued growth, including SouthPark
and Quail Hollow, and within walking distance, the Lynx Blue Line, which offers
additional access across the Charlotte area.
 |
| Allan Lynch |
The JLL Capital Markets team representing the seller was led by Andrea Howard, John Currin, Allan Lynch, Caylor Mark and Jeff Glenn.
“Reserve at Waterford offers a boutique
community-feel with some of the most well-designed floorplans in the Charlotte
market,” said Howard.
“The stewardship of the seller over the last
13 years has the asset positioned perfectly for future interior renovations
that will allow the property to compete head-on with South Park and Quail
Hollow rental options.”
JLL Capital Markets is a full-service global
provider of capital solutions for real estate investors and occupiers.
 |
| Caylor Mark |
The
firm has more than 3,700 Capital Markets specialists worldwide with offices in
nearly 50 countries.
For more news, videos and research
resources on JLL, please visit our newsroom.
About Eller Capital Partners
Chapel Hill, NC based Eller Capital Partners is
a private equity real estate firm focused exclusively on investing in
multifamily assets that are located in the growing regions of the southeastern
United States.
 |
| Jeff Glenn |
Eller
has a senior management team that offers over 100 years of experience in the
multifamily industry and has been directly and meaningfully involved in real
estate transactions totaling well over $2 billion.
The
company has expertise in all aspects of real estate acquisition, renovation,
construction management, property management, asset management, fund management
and disposition.
Contact:
Natalie Passarelli
Phone: +1 224 477 7307
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