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

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SOLD
$66,200,000

North Carolina

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MultiFamily
Sold 01/13/2026
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Property Image
SOLD

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

2051 Establishment Way

See Similar Deals
MultiFamily
Sold 01/13/2026
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Summary

NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

SELLER

Details

SOLD
IMAGE: 01/13/2026 ADDRESS: 2051 Establishment Way MARKET: Charlotte, NC ASSET TYPE: MultiFamily BUYER: Community Solutions SELLER: Arlington Properties LENDER: National Equity Fund SALE PRICE: $66,200,000 UNITS: 297 ~ PPU: $222,896 NOTE: Arlington Properties sold the 297-unit 1001 Tyvola in Charlotte to Community Solutions for $66.2 million, with a loan due in 2032. The community, built in 2023, has various apartment types and amenities, and is near highways and shopping centers.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,530,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$235,194.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$313,821.77
Annual Debt Service$3,765,861.28