Updated Feb 9, 2026
Sherman Residential Acquires Multifamily Complex In Charlotte From Greystar For $58.6M
2020 Winters Eve Drive
$58,600,000
Units
300
Asset Type
MultiFamily
Closing
Feb 9, 2026
About this deal
AI
A 300-unit multi-family complex located at 2020 Winters Eve Drive in Charlotte, NC was sold for a price of $58,600,000, amounting to approximately $195,333 per unit. The property includes a range of apartment options, from studios to two-bedroom units, and features various amenities, including a pool, gym, and clubhouse.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $58,600,000
- Buyer: Sherman Residential
- Seller: Greystar
- Units: 300
- Price per Unit: $195,333
This transaction was completed on February 9, 2026, with Sherman Residential acquiring the property, known as Elan Prosperity Village. Greystar was the seller in this deal.
On the Map
$58,600,000
MultiFamily
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Players
Charlotte MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $195.3K per unit across 300 units on a published $58.6M (2026).
Browse Charlotte multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93