Charlotte $32,550,000 Multifamily CRE Portfolio SOLD
G Brokerage announces the sale of a $32,550,000 Multifamily Portfolio consisting of 332 apartments in Charlotte and Concord, NC to Cedar Grove Capital.
CHARLOTTE, NC - 09/08/2017 /EASY NEWSWIRE/ — G Brokerage is proud to announce the sale of a $32,550,000 Multifamily Portfolio consisting of 332 apartments in Charlotte and Concord, NC to Cedar Grove Capital.
The portfolio consisted of:
Park Lane Apartments, 1615 Waybridge Lane, Charlotte, 60 Units
Stone Gate Apartments, 920 Southwood Oaks Lane, Charlotte, 144 Units
Tower Place Apartments, 51 Tala Drive SW, Concord, 128 Units
“Multi Family properties continue to be a strong asset with the supply exceeding the demand in the Charlotte market.” - Gordon Allebach, CEO, G Brokerage
Cedar Grove Capital has been acquiring properties throughout the Charlotte region for the past several years.
Gordon Allebach (CEO, Broker in Charge) and Mary Kay Chandler (Broker) of G Brokerage Commercial Real Estate Firm represented the seller. G Brokerage has more than 20 years experience helping businesses and investors acquire commercial properties throughout Charlotte.
For more information visit Gbrokerage.com.
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