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135 West Morehead Street

Hillridge Capital Acquires Loft One35 Apartments In Charlotte From Warfa For $94 Million
SOLDMultiFamily

Hillridge Capital Acquires Loft One35 Apartments In Charlotte From Warfa For $94 Million

135 West Morehead Street

$94,000,000

Units

292

Asset Type

MultiFamily

Closing

Oct 20, 2025

AI

The Loft One35 apartments, located at 135 West Morehead Street in Charlotte, NC, is a 292-unit multifamily property that was sold for $94 million. The sale reflects a price per unit of $321,918, showcasing the property's Class A amenities and contributions to the Charlotte market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $94,000,000
  • Buyer: Hillridge Capital
  • Seller: Warfa
  • Units: 292
  • Price Per Unit: $321,918
  • Address: 135 West Morehead Street
  • Market: Charlotte, NC

Hillridge Capital has expanded its portfolio with this acquisition, adding Loft One35 to its holdings in Charlotte, which also includes The Grace at Tryon. This transaction further signifies Hillridge's strategy to enhance its presence in the region.

Players

HC
Hillridge CapitalBuyer

Charlotte MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93