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		<title>Two Charlotte Rental Assets Trade for $183.5M</title>
		<link>https://vrjproperties.com/two-charlotte-rental-assets-trade-for-183-5m/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Wed, 04 Dec 2024 14:22:22 +0000</pubDate>
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					<description><![CDATA[<p>Two heavyweight apartment investors have spent over $183 million gobbling up Charlotte commercial real estate. St. Regis Properties acquired Crown of Queen City near uptown from Kohlberg Kravis &#38; Roberts (KKR) for $88 million in February 2021. The Charlotte Business...</p>
<p>The post <a href="https://vrjproperties.com/two-charlotte-rental-assets-trade-for-183-5m/">Two Charlotte Rental Assets Trade for $183.5M</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="1340c4fd-638f-47e0-82e8-aad9a8b83600">Two heavyweight apartment investors have spent over $183 million gobbling up Charlotte commercial real estate. </p>
<p data-beyondwords-marker="8ad8c429-9019-442d-ab89-2fe5b21e938e">St. Regis Properties acquired Crown of Queen City near uptown from<strong> Kohlberg Kravis &amp; Roberts</strong> (KKR) for $88 million in February 2021. The Charlotte Business Journal reported KKR bought the Class A apartment community at 101 W. Morehead St., formerly called Broadstone Queen City, for $90 million in February 2021. Alliance Residential built the $52 million, 260-unit development at the edge of South End and uptown.</p>
<p data-beyondwords-marker="26a59fa8-9d4f-48ac-a7f2-112c84ae812e">It delivered in 2020 and has about 10,000 square feet of amenity space and 1,500 square feet of ground-floor retail space.</p>
<p data-beyondwords-marker="29292929-e636-4dca-8521-b0e2a7d87bd1">The Aritzia at LoSo, a 350-unit complex in Charlotte’s lower South End neighborhood, sold on Nov. 19 for $95.5 million. Ares Public Fund acquired the property from RangeWater Real Estate.</p>
<p data-beyondwords-marker="733b5576-d468-4ef8-86c5-049d2e02b0b6">The Class A development, located at 200 E. Cama St., was built in 2020. It has studio, one- and two-bedroom units. Monthly rent rates range from $1,402 – $2,854.</p>
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<br /><a href="https://www.connectcre.com/stories/two-charlotte-rental-assets-trade-for-183-5m/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/two-charlotte-rental-assets-trade-for-183-5m/">Two Charlotte Rental Assets Trade for $183.5M</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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