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GSL Properties Acquires Tryon Farms Apartments From LivCor In Charlotte For $58.8M

Property Image
SOLD
$58,800,000

North Carolina

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MultiFamily
Sold 11/12/2025
the dealdetailscomps
Property Image
SOLD

GSL Properties Acquires Tryon Farms Apartments From LivCor In Charlotte For $58.8M

15120 Wylie Way

See Similar Deals
MultiFamily
Sold 11/12/2025
the dealdetailscomps

Summary

NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved the acquisition of a multi-family asset located at 15120 Wylie Way in Charlotte, NC. GSL Properties purchased the 240-unit Tryon Farms Apartments from LivCor for $58.8 million, translating to approximately $245,000 per unit.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $58,800,000
  • Units: 240
  • Price Per Unit: $245,000
  • Buyer: GSL Properties
  • Seller: LivCor

GSL Properties has expanded its portfolio with this purchase from LivCor, which is affiliated with Blackstone. Notably, Blackstone acquired the property in 2021 for $54.5 million and has been active in the Charlotte market, recently acquiring a large Amazon distribution center in Pineville for $101.8 million.

Players

LivCor
LivCor
SELLER

Details

SOLD
IMAGE: 11/12/2025 ADDRESS: 15120 Wylie Way MARKET: Charlotte, NC ASSET TYPE: MultiFamily BUYER: GSL Properties SELLER: LivCor SALE PRICE: $58,800,000 UNITS: 240 ~ PPU: $245,000 NOTE: GSL Properties acquired the 240-unit Tryon Farms Apartments in southwest Charlotte from Blackstone affiliate LivCor for $58.8 million, or about $245,000 per unit. Blackstone, which bought the property for $54.5 million in 2021, has also been active locally, recently purchasing a 1M-square-foot Amazon distribution center in Pineville for $101.8 million.

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