Eaton Vance Investment Managers Acquires Presley Uptown Charlotte Multifamily For $65.8M

JLL Income Property Trust has successfully sold Presley Uptown, a 230-unit multifamily community in Charlotte, N.C., to Eaton Vance Investment Managers for $65.8 million. The property, located at 900 East Brooklyn Village Avenue, offers a total of 230 units, resulting in a price per unit of $286,087.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $65,800,000
• Units: 230
• Price Per Unit: $286,087
• Address: 900 East Brooklyn Village Avenue, Charlotte, NC
• Market: Charlotte, NC

Eaton Vance Investment Managers acquired Presley Uptown from JLL Income Property Trust. The transaction was facilitated by Michael Saclarides of Cushman & Wakefield representing the buyer, and Allan Swaringen of JLL Income Property Trust representing the seller.