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S2 Capital Acquires Timber Creek Apartment Homes In Charlotte For $49M

Property Image
SOLD
$49,000,000
Scott Everett
JD

North Carolina

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MultiFamily
Sold 12/15/2023
the dealplayerscompscontact
Property Image
SOLD

S2 Capital Acquires Timber Creek Apartment Homes In Charlotte For $49M

1100 Falls Creek Lane

See Similar Deals
MultiFamily
Sold 12/15/2023
Scott Everett
JD
the dealplayerscompscontact
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Summary

NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale

S2 Capital has acquired Timber Creek Apartment Homes, a 352-unit multifamily property located at 1100 Falls Creek Lane in Charlotte, North Carolina. The property was purchased from Highland Capital Management for a total price of $49 million, which equates to approximately $139,205 per unit.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $49,000,000
  • Address: 1100 Falls Creek Lane, Charlotte, NC
  • Market: Charlotte, NC
  • Buyer: Scott Everett - S2 Capital
  • Seller: James Dondero - Highland Capital Management
  • Units: 352
  • Price Per Unit: $139,205

The acquisition of Timber Creek Apartment Homes by S2 Capital represents a significant investment in the multifamily market in Charlotte, North Carolina. This transaction highlights the continued interest and opportunities in the local real estate market.

Players

Scott Everett
S2 Capital
Scott Everett
10 deals$337M volume
BUYER
JD
James Dondero
3 deals$168M volume
SELLER

Details

SOLD
IMAGE: Scott Everett & James Dondero DATE: 12/15/2023 ADDRESS: 1100 Falls Creek Lane MARKET: Charlotte, NC ASSET TYPE: Multifamily BUYER: Scott Everett - S2 Capital SELLER: James Dondero - Highland Capital Management SALE PRICE: $49,000,000 UNITS: 352 ~ PPU: $139,205 NOTE: S2 Capital has acquired Timber Creek Apartment Homes, a 352-unit property in Charlotte, North Carolina, for $49 million, or approximately $139,205 per unit.

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