Updated Aug 31, 2026
Brad Galinson And Jeff Lubow Of Bluecore Residential Acquire Multifamily Community In Charlotte For $87.5M
4312 Yancey Road
$87,500,000
Units
310
Asset Type
MultiFamily
Closing
Aug 26, 2026
About this deal
AI
The asset involved in the transaction is a multifamily property located at 4312 Yancey Road in Charlotte, NC. The property spans 3.6 acres and consists of 310 units, with a price per unit of $282,258. The total sale price of the property was $87,500,000, reflecting its market standing in Charlotte’s Lower South End.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $87,500,000
- Buyer: Brad Galinson & Jeff Lubow - Bluecore Residential
- Seller: James O. Buckingham - TA Realty; Peter A. Pappas - Terwilliger Pappas
- Broker: John Heimburger - Newmark
- Units: 310
- Price Per Unit: $282,258
- Closing Date: August 18, 2026
- Market: Charlotte, NC
- Acres: 3.6
Bluecore Residential successfully acquired the property known as The Yancey, previously Solis LoSo, from sellers TA Realty and Terwilliger Pappas. Newmark served as the broker for the sellers in this transaction, indicating a strategic investment amidst ongoing neighborhood growth and a slowdown in apartment deliveries.
Players
Charlotte MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $282.3K per unit across 310 units on a published $87.5M (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93