{"id":1004115221,"date":"2015-03-10T11:38:23","date_gmt":"2015-03-10T19:38:23","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=331014"},"modified":"2020-04-15T22:16:07","modified_gmt":"2020-04-16T06:16:07","slug":"cortland-partners-buys-3265-charlotte-apartments-for-274m-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cortland-partners-buys-3265-charlotte-apartments-for-274m-2\/","title":{"rendered":"Cortland Partners Buys 3,265 Charlotte Apartments for $274M"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<div id=\"attachment_331015\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/Waterford-Lakes.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-331015\" title=\"Waterford Lakes\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/Waterford-Lakes.jpg\" alt=\"\" width=\"300\" height=\"300\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Waterford Lakes<\/p>\n<\/div>\n<p>Atlanta-based real estate investment firm Cortland Partners has made quite the splash in Charlotte\u2019s apartment market, picking up nine communities totaling over 3,200 units for $273.9 million, reported the <em><a href=\"https:\/\/www.bizjournals.com\/charlotte\/blog\/real_estate\/2015\/02\/nine-charlotte-apartment-properties-acquired-in.html\" target=\"_blank\" rel=\"nofollow\">Charlotte Business Journal<\/a><\/em>.<\/p>\n<p>Cortland purchased one community from Chicago-based Laramar Group and eight from Dallas-based McDowell Properties.<\/p>\n<p>The newly acquired properties include the 694-unit Waterford Lakes, the 420-unit Sardis Place at Matthews, the 384-unit Aspen Peak, the 384-unit Village Lakes, the 340-unit The Pointe, the 318-unit The Oaks, the 300-unit Hunt Club, the 247-unit Steeplechase \u00a0and the 178-unit The Regency,\u00a0reported the <em>Charlotte Business Journal<\/em>.<\/p>\n<div id=\"attachment_331017\" class=\"wp-caption alignleft\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/Hunt-Club.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-331017\" title=\"Hunt Club\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/Hunt-Club.jpg\" alt=\"\" width=\"300\" height=\"300\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Hunt Club<\/p>\n<\/div>\n<p>Cortland\u2019s new communities come in one- and two-bedroom or one-, two- and three-bedroom configurations. All communities offer extensive amenity packages, with many unique features. Waterford Lakes for example features a hi-tech multimedia theater, two resort-style swimming pools, indoor children\u2019s play area and extra storage units. Sardis Place at Matthews\u2019 resort-style amenities package also includes two swimming pools, as well as a 24-hour fitness center and two lighted tennis courts.<\/p>\n<p>Aspen Peak\u2019s competitive advantage is its walking distance to light rail, along with a volleyball court, business center and swimming pool. \u00a0Village Lakes pampers its residents with a java bar and two swimming pools with Wi-Fi and apartment fireplaces, while The Pointe boasts a car care center and an indoor basketball court. The Oaks also features an indoor basketball court, along with tennis courts, a sand volleyball court and oversized soaking tubs. The Hunt features poolside gas grills and indoor racquetball court, Steeplechase offers a swimming pool, sundeck and recreational areas, while The Regency also includes a cyber caf\u00e9 and coffee center, regulation tennis court and gas grill area.<\/p>\n<p><em><a title=\"MARKET SNAPSHOT: Charlotte Apartment Market on the Rise: Sales, Rents and Vacancies to Climb in 2014\" href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-charlotte-apartment-market-on-the-rise-sales-rents-and-vacancies-to-climb-in-2014\/1004100679.html\" target=\"_blank\" rel=\"nofollow\">Click here<\/a> for further Charlotte market data<\/em><\/p>\n<p><em>Images via Cortland Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Atlanta-based real estate investment firm Cortland Partners has made quite the splash in Charlotte&rsquo;s apartment market, picking up nine communities totaling over 3,200 units for $273.9 million<\/p>\n","protected":false},"author":49,"featured_media":1004506940,"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":[],"class_list":["post-1004115221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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