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	<title>Heron Archives - VRJ Properties</title>
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		<title>Blue Heron Spins Off Lake Norman Apartments</title>
		<link>https://vrjproperties.com/blue-heron-spins-off-lake-norman-apartments/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Mon, 27 Jan 2025 14:51:43 +0000</pubDate>
				<category><![CDATA[Multi-Tenant]]></category>
		<category><![CDATA[Multifamily]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Apartments]]></category>
		<category><![CDATA[Blue]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Heron]]></category>
		<category><![CDATA[Lake]]></category>
		<category><![CDATA[Norman]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Spins]]></category>
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					<description><![CDATA[<p>Blue Heron Asset Management sold The Linden Apartments to Continental Realty (CRC) for $49.5 million. Blue Heron paid $28.5 million for the property in 2018. The apartment complex at 605 Jetton St. is just off Exit 30 of Interstate 77,...</p>
<p>The post <a href="https://vrjproperties.com/blue-heron-spins-off-lake-norman-apartments/">Blue Heron Spins Off Lake Norman Apartments</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p><strong>Blue Heron Asset Management</strong> sold The Linden Apartments to Continental Realty (CRC) for $49.5 million. Blue Heron paid $28.5 million for the property in 2018. The apartment complex at 605 Jetton St. is just off Exit 30 of Interstate 77, near Lake Norman. The Linden is about a mile from Davidson College and downtown Davidson.</p>
<p>The Charlotte Business Journal reported that Blue Heron bought Langtree at Lake Norman apartments for $76 million in October 2024. The deal included 300 apartments and 48,000 square feet of ground-floor retail space.</p>
<p>CRC paid $96.3 million in February 2023 for Sycamore at Tyvola, which includes 288 apartments at 707 Sycamore Drive in Charlotte. In October of that year, CRC bought 1010 Dilworth Apartments for $51.9 million. That 184-unit complex at 1010 Kenilworth Ave. was acquired from PGIM Real Estate.</p>
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<br /><a href="https://www.connectcre.com/stories/blue-heron-reaps-nice-gain-on-lake-norman-apartment-sale/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/blue-heron-spins-off-lake-norman-apartments/">Blue Heron Spins Off Lake Norman Apartments</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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