Ginkgo Residential Sells Weyland Apartments In Charlotte For $29.3 Million With Broker Kevin Kempf

The property asset involved in the transaction is a multifamily residential community located at 2811 Marlowe Avenue in Charlotte, NC. This community, known as Weyland Apartments, consists of 200 units and was sold for a price of $29,300,000, resulting in a price per unit of $146,500. The sale reflects the market trends in the Southeast, particularly in the multifamily sector.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $29,300,000
• Units: 200
• Price Per Unit: $146,500
• Seller: Ginkgo Residential
• Broker: Kevin Kempf - CBRE
• Sale Date: 07/14/2025
• Market: Charlotte, NC

Key individuals behind the deal include Ginkgo Residential, the seller who has made significant upgrades to the property since 2018. The broker representing the transaction is Kevin Kempf from CBRE, facilitating the sale in a market characterized by growth and strong investor demand for multifamily properties.