August 1, 2019
Chicago-based multifamily investment firm Redwood Capital Group has acquired the Lowrie, a 245-unit multifamily property in Charlotte’s upscale Ballantyne submarket. The sales price was not disclosed.
Located at 3570 Toringdon Wy., the property was built in 2018 and is 12 miles south of downtown Charlotte. Amenities include a resort-style saltwater pool, outdoor grills, a dog-friendly rooftop lounge with outdoor TV, a 3,000-square-foot fitness center with free weights and a 4,700-square-foot clubhouse with billiards, TV area, mail room and co-working business center.
Justin Good, Jeff Glenn, Allan Lynch and Caylor Mark of JLL represented the seller, Proffitt Dixon Partners, in the transaction. Travis Anderson and Cory Fowler of JLL advised Redwood.
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Tags: Apartments & Multifamily