Knightvest Residential Acquires Stillwater Apartments In Charlotte For $39.2M

Knightvest Residential, represented by David Moore of Knightvest Residential, has acquired the Stillwater Apartments in Charlotte, North Carolina. The multifamily property, located at 8242 Runaway Bay Drive, was purchased from Stone Cutter Capital Management for a total price of $39.2 million. The transaction took place on 12/12/2023.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $39,200,000
• Address: 8242 Runaway Bay Drive, Charlotte, NC
• Market: Charlotte, NC
• Buyer: David Moore - Knightvest Residential
• Seller: Scott Zucker - Stone Cutter Capital Management
• Units: 20
• Price Per Unit (PPU): $1,960,000

The Stillwater Apartments in Charlotte, North Carolina, have been acquired by Knightvest Residential for $39.2 million. Represented by David Moore of Knightvest Residential, the buyer completed the transaction with Scott Zucker of Stone Cutter Capital Management. This acquisition marks an important addition to Knightvest Residential's multifamily portfolio.