Community Solutions Acquires The Park At Fenentino Multifamily In Charlotte For $30.8M

The Park at Fenentino, a Charlotte-based affordable rental community, has been sold in a closed transaction. The multifamily property, located at 8061 Woodscape Dr in Charlotte, NC, was purchased by the non-profit housing fund Community Solutions. The sale was facilitated by NorthMarq, represented by Andrea Howard, who led a team of brokers. The seller, Scott Zucker, is affiliated with Stonecutter Capital.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $30,800,000
• Units: 216
• Price Per Unit (PPU): $142,593
• Date: 01/09/2024
• Market: Charlotte, NC

Andrea Howard, from NorthMarq, played a key role in the sale of The Park at Fenentino. The property, consisting of 216 units, was acquired by Community Solutions for a total of $30.8 million. This transaction marks a significant investment in the affordable housing sector of Charlotte, benefiting the local community.