Blackfin Real Estate Investors Acquires Pines At Carolina Place Apartment Property For $28.8M

The 200-unit Pines at Carolina Place apartment property in Pineville, N.C. has been sold for $28.8 million. The buyer, Blackfin Real Estate Investors, acquired the multifamily asset at a cost of $144,000 per unit.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $28,800,000
• Address: 12600 Windy Pines Way
• Market: Pineville, NC

This transaction involved the buyer, Blackfin Real Estate Investors, represented by Andrew Buchanan, and the seller, The NHP Foundation, represented by Richard F. Burns.