facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

North Carolina

/

Multifamily

/

Sale

/

2020 Winters Eve Drive

Sherman Residential Acquires Multifamily Complex In Charlotte From Greystar For $58.6M
SOLDMultiFamily

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

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.

Players

Sherman Residential
Sherman ResidentialBuyer
Greystar
GreystarSeller

Charlotte MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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