Brookfield Properties acquired a Charlotte multifamily community, Beacon Hill, for $43 million. Completed in 1986, the 349-unit Beacon Hill apartments are at 1322 Beacon Ridge Road. Commercial Edge reports Brookfield Properties assumed the $32.7 million outstanding balance of a $33 million CMBS loan held by Fannie Mae. The seller was LivCor. LivCor paid Bridge Investment Group $41 million for the property in 2019.

The community encompasses 14 two- and three-story buildings spread across more than 14 acres. The unit mix consists of one- and two-bedroom floorplans ranging from 530 to 1,079 square feet. Apartments feature private balconies or patios.

Common-area amenities include a fitness center, swimming pool, business center and dog park. The property also has 500 parking spaces, grilling stations and lounge areas.