CHARLOTTE, N.C. — Investors appear to still feel good about Charlotte apartments — properties that delivered a year or two ago, both close to the central business district as well as out in the suburbs, have fetched high numbers in recent trades.
[ [UNCC classes start while students wait for apartment complex to be ready] ]
One multifamily development near Waverly in south Charlotte is under new ownership after a nearly nine-figure sale. Charlotte-based Crescent Communities sold Novel Providence Farm, at 6408 Providence Farm Lane, for $98 million to an entity affiliated with Heitman Capital Management, a real estate investment firm out of Chicago, according to Mecklenburg County real estate records.
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Novel Providence Farm, which sits on the Charlotte-Matthews border, has 404 units total, including one-, two- and three-bedroom apartments and eight carriage houses.
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