3 Jan, 2022

Charlotte, NC, apartment asset trades for $176M – Charlotte Business Journal

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By Maera Tezuka


Crescent Communities sold the 346-unit Novel Atherton apartment complex in Charlotte, N.C., for $176 million to an entity related to DWS Group GmbH & Co. KGaA's RREEF Property Trust Inc., the Charlotte Business Journal reported, citing Mecklenburg County real estate records.

Eastdil Secured represented Crescent in the transaction, according to the report.