Weidner Apartment Homes Acquires 400-Unit Multifamily Property In Charlotte, NC For $81.5M

The Retreat at McAlpine Creek, a 400-unit apartment property located at 6800 Fisher's Farm Lane in Charlotte, North Carolina, has been sold for a price of $81.5 million. The property spans over 18.6 acres and is categorized as a multifamily asset. The buyer, Dean Weidner, represented by Weidner Apartment Homes, based in Kirkland, Washington, has acquired this property, marking their first East Coast purchase. The seller, David Schwartz, represented by Waterton, facilitated the transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $81,500,000
• Units: 400
• Price Per Unit: $203,750
• Date: 12/15/2023
• Market: Charlotte, NC
• Buyer: Dean Weidner - Weidner Apartment Homes
• Seller: David Schwartz - Waterton

This acquisition by Dean Weidner's Weidner Apartment Homes represents their entrance into the East Coast market. The purchase of the Retreat at McAlpine Creek provides them with a significant multifamily asset consisting of 400 units. With this transaction, Dean Weidner expands their portfolio and presence in the real estate market.