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

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.