Mid-America Apartments Acquires Alta Filament In $107M Multifamily Sale

Alta Filament, a 352-unit luxury multifamily property in Charlotte's Mill District neighborhood, has been sold for $107 million. The property, located at 525 East 21st Street, was acquired by Mid-America Apartments from Wood Partners. The sale was brokered by Allan Lynch from NorthMarq.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $107,000,000
• Units: 352
• Price Per Unit: $303,977
• Buyer: Mid-America Apartments
• Seller: Wood Partners
• Broker: Allan Lynch - NorthMarq
• Market: Charlotte, NC

A team led by Allan Lynch from NorthMarq facilitated the sale of Alta Filament. The property presents a lucrative investment opportunity in the thriving Mill District neighborhood of Charlotte. The transaction not only represents a significant financial investment but also highlights the continued demand for luxury multifamily properties in the area.