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Ascent Housing Acquires Woodford Estates Multifamily Community In Charlotte For $30.2 Million

Property Image
SOLD
$30,200,000

North Carolina

See Similar Deals
MultiFamily
Sold 06/05/2025
the dealdetailscomps
Property Image
SOLD

Ascent Housing Acquires Woodford Estates Multifamily Community In Charlotte For $30.2 Million

4630 Central Avenue

See Similar Deals
MultiFamily
Sold 06/05/2025
the dealdetailscomps

Summary

NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily asset involved in the transaction is the Woodford Estates community, located at 4630 Central Avenue, Charlotte, NC. It consists of 228 units, with a price per unit of $132,456, leading to a total sale price of $30,200,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $30,200,000
  • Buyer: Ascent Housing
  • Seller: Michael I. Katz - Dasmen Residential
  • Units: 228
  • PPU: $132,456

The transaction was facilitated with financing supported by Newmark, the city of Charlotte, and Mecklenburg County through three permanent loans, highlighting the collaborative effort in securing the required funding for this acquisition.

Players

DR
Dasmen Residential
BROKERAGE
DR
Dasmen Residential
SELLER

Details

SOLD
IMAGE: 06/05/2025 ADDRESS: 4630 Central Avenue MARKET: Charlotte, NC ASSET TYPE: Multifamily BUYER: Ascent Housing SELLER: Michael I. Katz - Dasmen Residential SALE PRICE: $30,200,000 UNITS: 228 ~ PPU: $132,456 NOTE: Ascent Housing acquired the 228-unit Woodford Estates multifamily community in Charlotte, N.C., from Dasmen Residential for $30.2 million, with financing supported by Newmark, the city of Charlotte, and Mecklenburg County through three permanent loans.

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