Mesirow Financial Acquires 402-Unit Holly Crest Apartments From David Ravin For $119.5M

The transaction involves the sale of a 402-unit multifamily asset known as Holly Crest Apartments, located at 16408 Holly Crest Lane in Huntersville, NC. The property has been sold for a total price of $119,500,000, which equates to approximately $297,264 per unit.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $119,500,000
• Units: 402
• Price Per Unit: $297,264
• Buyer: Mesirow Financial
• Seller: David Ravin - Northwood Ravin
• Date of Sale: 07/09/2025
• Market: Huntersville, NC

Chicago-based Mesirow Financial acquired the Holly Crest Apartments from David Ravin, representing Northwood Ravin in this transaction. The deal emphasizes the ongoing investment activity in the multifamily sector within the Huntersville market.