NexPoint Residential Trust Sells Radbourne Lake Apartment Homes In Charlotte For $24.3M

The property involved in the transaction is Radbourne Lake Apartment Homes located at 3209 Westbury Lake Drive in Charlotte, North Carolina. This multifamily asset, comprising 225 units, was sold by NexPoint Residential Trust, Inc. The sale price for this property was $24,300,000, amounting to an average of $108,000 per unit.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $24,300,000
• Units: 225
• Price per Unit: $108,000
• Seller: NexPoint Residential Trust, Inc
• Address: 3209 Westbury Lake Drive
• Market: Charlotte, NC

NexPoint Residential Trust, Inc. successfully concluded the sale of the Radbourne Lake Apartment Homes, a notable property in Charlotte, North Carolina, recognized for its comfortable apartments and townhomes featuring high-end kitchens, patios, and luxurious amenities.