Unique investment opportunity to acquire the apartments in the Derita-Statesville neighborhood of Charlotte, which is one of the fastest growing metro in the nation. 

The current in-place rents are more than 20% lower than the market rate. The Sponsor plans to invest approximately $2.75 million to upgrade common area amenities, facilities, and unit interiors, and then lease up the property at a higher market rate.

Charlotte’s post-Covid recovery fuels strong job creation and housing demand, outpacing national trends. This investment offers substantial operating cash flows and the upside of property value appreciation in the long run.

Team members bring over 20 years of experience in multifamily property ownership and management, with a portfolio spanning multiple states, including FL, NC, SC, KA, and TX.

Demonstrated ability to navigate economic downturns successfully, with no loan defaults or late payments during challenging times.

A multidisciplinary team with extensive experience in real estate development and investment, enhancing value and driving capital growth in multifamily assets.

Expertise in strategic management, including efficient leasing procedures, timely renewals, prompt maintenance responses, and strategic unit renovations, resulting in improved tenant satisfaction, reduced vacancies, and enhanced property appeal.