BURLINGTON, N.C. — Florida-based Carter Exchange has sold Retreat at the Park, a 249-unit community in Burlington, to Colorado-based Grimley Capital for $48 million. Caleb Troop, Thomas Colaiezzi, Matt Robertson and Drew Kwiatkowski of Berkadia Charlotte arranged the sale on behalf of Carter Exchange. Brian Huff of Berkadia Denver secured acquisition financing for Grimley Capital. The property was developed in 2015 and contains one-, two- and three-bedroom units and amenities such as a fitness center with cardio and weightlifting equipment, a resident clubhouse with a lounge and café, a game …
North Carolina
CARY, N.C. — Locally based Woodfield Development has opened EMORIE at Alston Town Center, a 302-unit property in Cary adjacent to a regional, open-air center, owned by American Asset Corp., anchored by Whole Foods. Located at 3905 Mahal Ave., EMORIE, features a mix of studio, one- and two-bedroom units ranging from 682 to 2,647 square feet. Additionally, the development includes a mix of townhomes, three penthouses and carriage units with private garages. Amenities feature a resort-style pool and courtyard with private cabanas and an outdoor kitchen, a fitness center and …
MONROE, N.C. — FCP, a Chevy, Chase, Maryland-based investment firm, has acquired Cottages of Monroe, located 26 miles southeast of Charlotte, for approximately $41.3 million. The asset was previously named Yardly Monroe and is comprised of 151 one-story, semi-detached single-family residences that were built in 2024. Greystar has been hired to manage the property. Units are offered as one- or two-bedroom floor plans with enclosed back yards. Amenities include a resort-style pool, grills, a fitness center, walking path, a dog park, outdoor dining areas and firepits. The seller, represented by …
GREENSBORO, N.C. — Crescent Communities has completed, opened and begun leasing HARMON Jefferson Village, a rental townhome community in Greensboro, less than half a mile from the Jefferson Village shopping center. The Charlotte, North Carolina-based investor, developer and operator’s HARMON brand portfolio is comprised of single-family rental communities in Sun Belt markets. Jefferson Village features three- to four-bedroom units and amenities that include a pool with a pavilion and outdoor kitchen with a grilling station and outdoor dining, an event lawn and trailhead access to Price Park. HARMON properties in …
RALEIGH, N.C. — Tishman Speyer has acquired The Maggie, a 244-unit community adjacent to North Carolina State University in Raleigh. The property sits on 2.8 acres and was developed in 2014. Located at 401 Oberlin Road, The Maggie is in Raleigh’s Village District, a mixed-use destination with pedestrian-friendly streets, a series of parks and about 100 stores and restaurants. The community features a unit mix ranging from studios to three-bedrooms above 9,000 square feet of street-level retail. Amenities include a fitness center, saltwater pool, a business center, a lounge, golf …
RALEIGH, N.C. — Federal Capital Partners (FCP) has sold The Pointe at Midtown, a 365-unit community at 901 Navaho Drive in the North Hills area of Raleigh. According to the Triangle Business Journal, Kane Realty paid about $72.3 million for a 28-acre site that included The Pointe at Midtown as well as the Grove Towers office buildings. Chevy Chase, Maryland-based FCP was represented by Hunter Barron, Teddy Hobbs, Ryan Gavigan, Ben Bury and Woody Flythe of JLL in the sale. The Pointe at Midtown offers two- and three-bedroom floor plans and …
CHARLOTTE, N.C. and GREENVILLE, S.C. — Walker & Dunlop has arranged $47.8 million in bridge refinancings for two townhome rental communities in North Carolina and South Carolina. Michael Stepniewski, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Brown, Edward Leboyer and Nicholas Gilhooley arranged two floating-rate, interest-only loans provided by ACRES Capital on behalf of borrower Gordon Road Capital. The properties include One West End, an 86-unit community at 2701 Rozzelles Ferry Road in Charlotte and Maybrook Terraces, a 50-unit community located at 206 N. Leach St. in Greenville.
Trilogy Investment Breaks Ground on Build-to-Rent Community in Asheville, North Carolina
ASHEVILLE, N.C. — Trilogy Investment Co. in partnership with Provest Partners has closed on a construction loan and begun construction of REV3 at Pinnacle Meadows, a 73-unit build-to-rent townhome community in Asheville. Trilogy is an Atlanta-based investment and development firm, and Provest Partners is a Korean investment firm. REV3 will feature two- and three-bedroom townhomes, each with a one-car garage. REV3 Homes, a division of Trilogy Investment Co., will serve as the builder for the project. Completion is slated for the second quarter of 2027.
CONCORD, N.C. — Crescent Communities has closed on the land sale for its 21st multifamily development in suburbs of the company’s headquarters city of Charlotte. Concord is about 24 miles northeast of Charlotte’s central business district. RENDER Weddington Ridge will be jointly developed with CP Capital and will include 297 one- and two-bedroom units and such amenities as a pool, a 24-hour self-service package center, a fitness facility, club and game rooms, coworking space and a dog park. Along with CP Capital, Comerica Bank is also a financial partner in …
ATLANTA — Walker & Dunlop has arranged $153.3 million in loans for Hathaway Development. The Atlanta-based owner/developer will use the proceeds to refinance three garden-style properties: Exchange at Juban in Denham Springs, Louisiana, Exchange at Blair Stone in Tallahassee, Florida, and Exchange at Indian Trail, in Indian Trail, North Carolina. Walker & Dunlop’s Stephen Farnsworth, Hanes Dunn and Robert Henry arranged the floating-rate loans through lender ACRES Capital. The three communities were developed by Hathaway and combined include 876 units. Exchange at Juban, a 264-unit property in Denham Springs was …