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Atlanta & Southeast  + Southeast  + Apartments  |  December 3, 2021
Country Club Apartments in Charlotte, NC
Lisa McDuffie
By: Lisa McDuffie

Charlotte 454-Unit Multifamily Exchanged for $75M

Cushman & Wakefield has arranged the $75 million sale of Country Club, a 454-unit apartment community located in Charlotte, NC. Concordia Properties acquired the asset.

Watson Bryant and Brooks Colquitt of Cushman & Wakefield represented the seller, JEM Holdings, in the transaction.

“Over seven years of ownership, we were able to successfully execute on our value-add strategy in one of the fastest growing markets in the Southeast,” said Jessica Saks, COO of JEM Holdings.

“Country Club is situated in one of the most dynamic submarkets in all of Charlotte and is poised for future rental growth with limited nearby future supply,” added Colquitt.

Country Club is situated near the 78-acre mixed-use Eastland Mall redevelopment within blocks of the future Lynx Gold Line stop at Eastway Drive.

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Inside The Story

Cushman & Wakefield’s Colquitt

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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