StoneRiver Co Acquires Multifamily Property In Concord, NC From Southwood Realty For $71.3M

A multifamily property located at 3635 Coventry Cmns Ave SW in Concord, NC has been sold for $71,300,000. The property consists of 336 units, resulting in a per unit price of $212,202. The transaction took place on 08/16/2023.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $71,300,000
• Units: 336
• Price Per Unit: $212,202

StoneRiver Co purchased the property from Southwood Realty. Both the buyer and seller are prominent players in the real estate market.

Note: The aforementioned transaction is separate from the record-breaking $7.1 million residential property sale in Davidson, located 20 miles north of Charlotte, mentioned in a related news article. The two transactions are unrelated.