Frontier Group Of Companies Acquires 253-Unit Multifamily Complex In Charlotte For $92.8M

The property involved in the transaction is a multifamily asset located at 421 West Tremont Avenue in Charlotte, NC. It spans 2.4 acres and consists of 253 residential units, with a per unit price of $366,798. The sale price for this property was $92,800,000. The complex, named Everly, was completed in July 2024 and offers a range of amenities including a pool, fitness center, and coworking spaces.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $92,800,000
• Address: 421 West Tremont Avenue
• Market: Charlotte, NC
• Acres: 2.4
• Units: 253
• Price Per Unit: $366,798
• Buyer: Frontier Group of Companies
• Seller: Casey Cummings - Ram Realty Advisors
• Transaction Date: 10/23/2026

The transaction was handled by Casey Cummings representing Ram Realty Advisors as the seller. The buyer, Frontier Group of Companies, is expanding its portfolio with this acquisition of the luxury apartment complex, enhancing its presence in Charlotte's South End.