Stoneweg U.S. LLC Acquires Multifamily Property In Charlotte For $90.9M

The multifamily property located at 3750 Philemon Ave in Charlotte, NC has been sold in a recent transaction. The property consists of 298 units and was purchased by Stoneweg U.S. LLC for a total sale price of $90,900,000, translating to an average price per unit (PPU) of $305,033. The transaction was facilitated by brokers Austin Haney and Matt Behr from The Kirkland Co.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $90,900,000
• Address: 3750 Philemon Ave, Charlotte, NC
• Market: Charlotte, NC
• Buyer: Stoneweg U.S. LLC
• Seller: Neyland Apartment Associates
• Brokers: Austin Haney & Matt Behr - The Kirkland Co
• Units: 298
• PPU: $305,033

The sale of the property was successfully negotiated with the involvement of Stoneweg U.S. LLC as the buyer and Neyland Apartment Associates as the seller. The transaction was facilitated by brokers Austin Haney and Matt Behr from The Kirkland Co.