GALLERIA SELLS FOR $18.5M

Chicago-based multifamily investment group Westdale Investments Partners recently bought a 210-unit apartment complex in Charlotte from Charter Properties for $18.5M, or about $88k per unit, deeds show. The 7-acre Galleria Village is a garden-style complex that includes seven two- and three-story buildings built in 2005. The property was 94% leased at the time of sale, according to market tracker CoStar. Apartment Realty Advisors Dean Smith, Sean Wood and Blake Okland repped Charlotte-based Charter in the sale.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Charlotte Newsletters
Related Stories

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC

Brandywine Plans To Sell $200M Worth Of Properties In 2027

Pennsylvania Reveals Draft Map Of Areas To Benefit From Opportunity Zones 2.0

Developer Buys Land For Active Adult Apartments Near Novant Health Hospital

Cresa Taps Nathan Knowles As Atlanta Market Leader

Developer Of $3.8B Atlanta Project Discloses $19M Accounting Error

Inter Miami Stadium Subcontractors Sue Over Millions In Unpaid Work

Meet The Women Pushing Boundaries In UK Development

Despite Foreclosure Litigation, Kaufman Astoria Studios Is Bouncing Back

How Flash Is Turning Parking Into A Performance Asset For CRE Owners

Howard Hughes Texas President Jim Carman To Step Down

JLL Taps Mark Gibson For Newly Created U.S. CEO Role