{"id":1004084795,"date":"2013-10-08T12:39:23","date_gmt":"2013-10-08T20:39:23","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=192838"},"modified":"2020-05-17T23:18:04","modified_gmt":"2020-05-18T07:18:04","slug":"multi-housing-advisors-brokers-sale-of-charlotte-apartment-communities-for-24-2m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/multi-housing-advisors-brokers-sale-of-charlotte-apartment-communities-for-24-2m\/","title":{"rendered":"Multi-Housing Advisors Brokers Sale of Charlotte Apartment Communities for $24.2M"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/10\/Beacon-Eastchase-Apartments.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-192839\" title=\"Beacon Eastchase Apartments\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/10\/Beacon-Eastchase-Apartments.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a>Multi Housing Advisors (MHA) has announced that it has brokered the sale of six non-portfolio apartment communities in North Carolina totaling 1,261 units for a total of $34.4 million, of which $24.4 represented the total sale price of the Charlotte assets. While Charlotte-based MHA brokers Jordan McCarley and Marc Robinson represented the sellers in all transactions, the buyers were not represented by brokers.<\/p>\n<p>Of the six apartment complexes, three are located in Charlotte and three in Greensboro, N.C. Among the recently sold Charlotte communities is the 220-unit Beacon Eastchase, purchased by Eller Capital Partners. The Chapel Hill, NC-based multifamily investment, development and property management company paid $8.3 million for the value-add asset. Located at 1600 Chasewood Drive, the market-rate apartment community has easy access to mass transit and local interstates. The garden-style community is comprised of studio, one- and two-bedroom apartments with features such as patio or balcony, dishwasher and fire place. Community amenities include swimming pool, storage units and laundry facility.<\/p>\n<p>Another Charlotte apartment asset to be sold was the 192-unit Hanover Landing. Old Greenwich, Conn.-based Ellington Management Group purchased the 5920 Monroe Road garden style apartment community for $3.6 million. The East Charlotte asset is made up of one-, two- and three-bedroom units ranging between 689 and 1,095 square feet. Unit amenities include walk-in closet, dishwasher, patio or balcony, while community amenities include pool, onsite business center, club house, courtyard and laundry facility, as well as easy access to public transportation.<\/p>\n<p>MHA also brokered the sale of the 454-unit The Park to FMM on behalf of Northland Investment Corp. The buyer paid $12.3 million for the 2332 Dunlavin Way community.<\/p>\n<p>The Greensboro communities include the 109-unit Lemans at Lawndale and the 106-unit Lexington Commons. The two Class C communities were purchased by SBV Communities for a total of $6.1 million, while Richard Anderson paid $4 million for the 180-unit Fox Run.<\/p>\n<p><em>For further Charlotte market data click <a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-demand-in-charlotte-remains-strong-as-population-surges\/1004077290.html\" rel=\"nofollow\" ><strong>here<\/strong><\/a><\/em><\/p>\n<p><em>Image courtesy of Beacon Eastchase Apartments via Facebook<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Multi Housing Advisors (MHA)has announced brokering the sale of six non-portfolio apartment communities in North Carolina totaling 1,261 units for a total of $34.4 million, of which $24.4 represented the total sale price of the Charlotte assets.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21742],"tags":[1815],"class_list":["post-1004084795","post","type-post","status-publish","format-standard","hentry","category-charlotte","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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