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Charlotte Apartments Divested for $130M
Chevy Chase, MD-based FCP and Terwilliger Pappas Multi Family Partners completed two separate multifamily sale transactions in Charlotte, NC totaling $128.6 million. The first, Solis Waverly (pictured), was sold for $84.4 million to Dallas-based Lan Properties/Lantower Residential. In a separate transaction, Solis Ballantyne was sold for $44.2 million to Baltimore-based Continental Realty Corporation.
FCP developed the properties with Terwilliger Pappas in 2016. Solis Waverly is a 375-unit luxury multifamily project in Waverly, a pedestrian-friendly, master-planned community. Solis Ballantyne is a 194-unit, Class A luxury community located in Charlotte’s premier suburban submarket, Ballantyne.
CBRE’s Phil Brosseau Jr., Howard Jenkins, Kevin Kempf and David Lansbury handled the sale of Solis Waverly, and JLL’s Andrea Howard, Jim Sewell, David Gutting and Derrick Bloom handled the Solis Ballantyne transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

