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
Charlotte MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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