Caitlin Steelman Of Graycliff Capital Acquires Multifamily Asset In Asheville For $43.8M

602 Highline Drive is a multifamily asset located in Asheville, NC, featuring a total of 168 units. The property was sold for a transaction amount of $43,800,000 with a price per unit of $260,714. This apartment complex was developed by Carlisle Residential Properties in 2023.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $43,800,000
• Units: 168
• Buyer: Caitlin Steelman - Graycliff Capital
• Seller: Matthew Rankin - Carlisle Residential Properties
• Brokers: Caleb Troop, Thomas Colaiezzi & Matt Robertson - Berkadia
• Mortgage Broker: Jeremy Lynch & Jake Adoni - Berkadia

Berkadia arranged the sale of Highline North, contributing to the successful transaction involving major stakeholders in the multifamily market. The brokers engaged played a crucial role in facilitating the deal, representing the buyer and seller efficiently during the closing of this significant property transaction.