Southwood Realty Acquires 174-Unit Laurel View Apartments In Concord NC From Gamma Real Estate For $41.4M

The property involved in this transaction is Laurel View Apartments, a multi-family asset located at 350 Joshua Place Northwest in Concord, NC. The property encompasses 11.3 acres and comprises 174 units, with a price per unit of $237,931. It was built in 2017 and offers various amenities for its residents. The total sale price of the property was $41.4 million.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $41,400,000
• Address: 350 Joshua Place Northwest
• Market: Concord, NC
• Units: 174
• Price Per Unit: $237,931
• Acres: 11.3
• Buyer: Southwood Realty
• Seller: Gamma Real Estate
• Broker Representatives: Andrea Howard, John Currin, Austin Jackson, Jeff Glenn & James Dorsett - NorthMarq

The transaction involved key players in the real estate market, with Southwood Realty acquiring the property from Gamma Real Estate. The brokerage team from NorthMarq, comprising five representatives, facilitated the deal, bringing their expertise to the successful transaction.