October 30, 2020

Privately held real estate firm FriedLam Partners has acquired a six-property, 872-unit multifamily portfolio in Charlotte, Raleigh and Atlanta for $85.2 million.

The portfolio consists of the 192-unit 59Twenty @ Monroe and the 196-unit Two20 @ Branchview in Charlotte as well as the 176-unit Enclave @ Crabtree. The Atlanta properties include the 130-unit 743 @ Howell Mill, the 112-unit Lenox Place and the 66-unit Rio at Lenox.

Watson Bryant and Paul Marley of Cushman & Wakefield represented the seller of the Carolina properties, JEM Holdings while Travis Presnell and Wesley Kenney of Cushman & Wakefield represented the seller of the Atlanta properties, Zavala Capital Group.

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Tags: Acquisition, Apartments & Multifamily