Alexander J. Jessett Of Camden Property Trust Acquires Multifamily Asset In Charlotte For $89.3M

The multifamily property located at 3615 Tryclan Drive in Charlotte, NC, spans 3.4 acres and consists of 343 units. It was sold for $89.3 million, translating to approximately $260,350 per unit. The property, completed in early 2024, has been rebranded as Camden LoSo and offers various apartment types from studio to two-bedroom, along with amenities such as a resort-style pool, fitness center, coworking space, and rooftop terrace.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $89,300,000
• Address: 3615 Tryclan Drive
• Market: Charlotte, NC
• Units: 343
• Price Per Unit: $260,350
• Buyer: Alexander J. Jessett - Camden Property Trust
• Seller: Wyatt Dixon - Proffitt Dixon Partners

Alexander J. Jessett represents Camden Property Trust in this transaction, while Wyatt Dixon represents Proffitt Dixon Partners. The acquisition marks a significant addition to Camden Property Trust's portfolio, enhancing their presence in the multifamily sector with a well-equipped property.