SemREF Acquires 290-Unit Alexan Mill District Multifamily Property In Charlotte From Trammell Crow Residential For $82M

The multifamily property at 1001 North Brevard Street in Charlotte, NC, spans 4.2 acres and consists of 290 residential units. The asset was sold for $82,000,000, translating to a price per unit of approximately $282,759.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $82,000,000
• Units: 290
• Price Per Unit: $282,759
• Buyer: SemREF
• Seller: Trammell Crow Residential
• Brokers: Allan Lynch, Caylor Mark, Andrea Howard, John Currin, Jeff Glenn & Austin Jackson - Northmarq

The transaction involved the sale of the 290-unit Alexan Mill District, representing a significant acquisition by the buyer, SemREF, which is the real estate fund of the Seminole Tribe of Florida. The brokers facilitating this transaction were affiliated with Northmarq.