Cortland Partners Acquires Spectrum South End Apartments In Charlotte, NC For $104M

The Spectrum South End Apartments, a 331-unit multifamily property located at 2225 Hawkins Street in Charlotte, North Carolina, has been acquired by Cortland Partners for $104 million. The property was sold by Cathy Marcus & Raimondo Amabile, represented by PGIM Real Estate. The sale price equates to an average price per unit of $314,199.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $104,000,000
• Address: 2225 Hawkins Street
• Market: Charlotte, NC
• Buyer: Cortland Partners
• Seller: Cathy Marcus & Raimondo Amabile - PGIM Real Estate
• Units: 331
• Price Per Unit: $314,199

Cortland Partners has successfully acquired the Spectrum South End Apartments in Charlotte, North Carolina. The transaction, worth $104 million, marks a significant investment in the multifamily market. The buyer, Cortland Partners, and the seller, Cathy Marcus & Raimondo Amabile represented by PGIM Real Estate, played key roles in the successful completion of the deal.