Weidner Apartment Homes Acquires CityPark View Apartments In Charlotte For $107.5 Million

The property asset involved in this transaction is a multi-family community located at 1710 Piedmont Hills Place in Charlotte, NC. Weidner Apartment Homes acquired the property for $107,500,000, which consists of 484 units, equating to a price per unit of $222,107. The community is part of the larger CityPark development and features extensive amenities, while also being conveniently located near key transport links and downtown Charlotte.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $107,500,000
• Buyer: Weidner Apartment Homes
• Seller: LivCor
• Units: 484
• Price Per Unit: $222,107
• Financing: $71.9 million Fannie Mae loan from Newmark

The deal highlights the strategic acquisition by Weidner Apartment Homes, which has expanded its portfolio to a total of 884 units following this transaction. LivCor acted as the seller in this deal, facilitating the transition of ownership in this multi-family community.