January 11, 2019
Chicago-based Waterton acquired a four-property residential portfolio totaling 1,148 units in North Carolina for reportedly in the neighborhood of $169 million. The acquisition nearly doubles Waterton’s North Carolina portfolio, and comprises properties with prime value-add opportunity built between 1987 and 1995.
The properties include:
- The Retreat at McAlpine Creek (6800 Fishers Farm Ln., Charlotte, pictured) – 400 units across 30 three-story garden buildings, and four townhome buildings set on 40 acres roughly 14 miles south of Charlotte’s CBD.
- Ashford Green (230 Barton Dr., Charlotte) – 300 units across 22 three-story garden buildings, and five townhome buildings set on 20 acres roughly 10 miles northeast of Charlotte’s CBD.
- Atria at Crabtree Valley (4601 Baymar Dr., Raleigh) – 268 units across 18 two- and three-story garden-style buildings, set on 28 acres north of downtown Raleigh and southwest of the Research Triangle Park.
- Audubon Parc (1100 Audubon Parc Dr., Cary) – 180 units across 10 three-story garden-style buildings, set on 18 acres southwest of downtown Raleigh and the Research Triangle Park.
For comments, questions or concerns, please contact Dennis Kaiser