Community Solutions Acquires 297-Unit Multifamily At 2051 Establishment Way For $66.2M

The multi-family property located at 2051 Establishment Way in Charlotte, NC, encompasses 297 units and has a transaction price of $66,200,000. Built in 2023, the community includes various apartment types and amenities. It benefits from proximity to highways and shopping centers.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $66,200,000
• Units: 297
• Price Per Unit: $222,896
• Buyer: Community Solutions
• Seller: Arlington Properties
• Lender: National Equity Fund
• Loan Due: 2032

In this transaction, Arlington Properties sold the 297-unit property to Community Solutions, with financing provided by National Equity Fund. The deal highlights the collaboration between these entities in the multi-family housing market.