TriWest Multifamily Acquires 4616 Stoney Trace Drive Multifamily Asset For $59.8M

The asset involved in this transaction is a multifamily property located at 4616 Stoney Trace Drive in the Charlotte, NC market. The sale price was $59,800,000, with a total of 380 units. The property encompasses a total square footage of 384,000, resulting in a price per unit of $157,368 and a price per square foot of $155.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $59,800,000
• Units: 380
• Square Footage: 384,000
• Price Per Unit: $157,368
• Price Per Square Foot: $155
• Buyer: TriWest Multifamily
• Seller: Bridge Investment Group
• Broker Representatives: Jonathan Brody, Michael Schattner & Shlomo Mansbach - Base Realty Group

This transaction involved significant representation from the brokerage firm Base Realty Group, with Jonathan Brody, Michael Schattner, and Shlomo Mansbach playing key roles in facilitating the deal between TriWest Multifamily and Bridge Investment Group.