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

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.