November 9, 2020
Newmark has arranged the $38.1 million sale of Quail Valley on Carmel, a 232-unit multifamily property in Charlotte.
The garden-style property includes 22 two-level buildings, with units consisting of one-, two- and three-bedroom floorplans. The apartments include air conditioning, modern appliances, hardwood flooring, wood-burning fireplaces, and a private patio or balcony. Spanning nearly 34 acres, the pet-friendly community features walking and biking paths, a clubhouse, resort-style pool, hammock garden, an outdoor fire pit, grilling and patio area and a pet park.
Dean Smith, John Heimburger, Sean Wood, Alex Okulski, Jason Kon and John Munroe of Newmark represented the seller, Charlotte-based Ferncroft Capital, in the transaction. The buyer was McDowell Properties.
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Tags: Apartments & Multifamily