Belleview Sells 99-Unit Build-to-Rent Community In Indian Trail NC For $31M

The property asset involved in the transaction is a single-family residence located at 857 Tyler Matthew Lane in Indian Trail, NC. The sale was finalized for $31,000,000, and the asset consists of 99 units, approximately 313,131 USD per square foot. The property was built in 2021 and was reported to be 93% occupied at the time of closing.

Summary of transaction details:

• Property Type: SFR
• Transaction Amount: $31,000,000
• Square Footage: 99
• Address: 857 Tyler Matthew Lane
• Market: Indian Trail, NC
• Seller: Belleview
• Broker: Caleb Troop, Mark Forrester, Matt Robertson & Andrew Curtis - Berkadia

Berkadia arranged the sale of Poplin Trace on behalf of the seller Belleview. The buyer in this transaction remains undisclosed.