Charlotte $32,550,000 Multifamily CRE Portfolio SOLD

G Brokerage announces the sale of a $32,550,000 Multifamily Portfolio consisting of 332 apartments in Charlotte and Concord, NC to Cedar Grove Capital.CHARLOTTE, NC – 09-08-2017 — G Brokerage is proud to announce the sale of a $32,550,000 Multifamily Portfolio consisting of 332 apartments in Charlotte and Concord, NC to Cedar Grove Capital.   

The portfolio consisted of: 

  • Park Lane Apartments, 1615 Waybridge Lane, Charlotte, 60 Units
  • Stone Gate Apartments, 920 Southwood Oaks Lane, Charlotte, 144 Units
  • Tower Place Apartments, 51 Tala Drive SW, Concord, 128 Units

“Multi Family properties continue to be a strong asset with the supply exceeding the demand in the Charlotte market.” – Gordon Allebach, CEO, G Brokerage

Cedar Grove Capital has been acquiring properties throughout the Charlotte region for the past several years.

Gordon Allebach (CEO, Broker in Charge) and Mary Kay Chandler (Broker) of G Brokerage Commercial Real Estate Firm represented the seller. G Brokerage has more than 20 years experience helping businesses and investors acquire commercial properties throughout Charlotte.

For more information visit  Gbrokerage.com.

Media Contacts:

Company Name: Jennifer
Full Name: G Brokerage
Phone: 4126543854
Email Address: Send Email
Website: http://gbrokerage.com/

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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