Kevin Dean Of RockBridge Investment Group Acquires Concord Multifamily Properties From Daniel Hirschberg
609 Easy Street & 1915 Pine Bough Lane
Building Size
—
Asset Type
MultiFamily
Closing
Jul 29, 2026
AI
The transaction involved the acquisition of two multifamily properties in Concord, North Carolina. The properties are located at 609 Easy Street, which includes two-bedroom units known as Meadow Creek Townhomes, and at 1915 Pine Bough Lane, which offers one- and two-bedroom apartments under the name Northway at Cabarrus. The sales prices for these transactions were not disclosed.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not Disclosed
- Buyer: Kevin Dean - RockBridge Investment Group
- Seller: Daniel Hirschberg - Wickenden Partners & Serra Vista Partners
- Brokers: Thomas Colaiezzi, Caleb Troop, Matt Robertson & Drew Kwiatkowski - Berkadia
The deal represents an off-market transaction, showcasing the activity of RockBridge Investment Group in expanding their portfolio through these multifamily acquisitions. The properties included Meadow Creek Townhomes and Northway at Cabarrus, both secured through the brokerage services of Berkadia, demonstrating the firm's capability in managing such transactions.
Players
Santa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93