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CBRE Global Investors Acquires Charlotte’s SkyHouse Uptown for $190M

Los Angeles-based CBRE Global Investors acquired SkyHouse Uptown, two 24-story apartment towers in Charlotte’s popular Fourth Ward, from Novare Group for a reported $190 million. Built in two phases and completed in 2015 and 2017, the property includes 14,000 square feet of retail and an 8-story parking structure.

JLL’s David Gutting, Andrea Howard, Jim Sewell and John Currin handled the deal for the landmark asset on behalf of the seller.

Gutting says, “At 672 units, the total single-asset deal size was one of the largest to ever trade in the Southeast. SkyHouse Uptown’s location in the heart of Charlotte’s ongoing development boom made this an investment opportunity that attracted strong investor interest.”

The first purpose-built, high-rise apartment in Charlotte offers studio to three bedroom floor plans. Each tower features a rooftop pool with skyline views, and covered poolside lounges with billiards, fire pits and flat screen TVs. A one-acre SkyPark sits atop the parking structure.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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