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

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.