McDowell Properties Acquires 216-unit South Tryon Apartments From MAA For $41.8 Million

The transaction involved the sale of a multifamily asset located at 7601 Holliswood Court in Charlotte, NC. The property comprises 216 units and the sale was finalized for $41,800,000, resulting in a price per unit of $193,519.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $41,800,000
• Units: 216
• Price Per Unit: $193,519
• Buyer: McDowell Properties
• Seller: MAA
• Brokers: Allan Lynch, Andrea Howard, Austin Jackson, Caylor Mark, Jeff Glenn & John Currin - NorthMarq

NorthMarq represented MAA in this transaction, facilitating the sale to McDowell Properties. The brokerage team played a significant role in handling the complexities of the deal, ensuring a smooth transaction process.