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Atlanta & Southeast  + Carolinas + Charlotte  + Apartments  |  October 26, 2023
FriedLam acquires 2 Charlotte apartment complexes
Mike Boyd
By: Mike Boyd

Friedlam Lands Two More Charlotte Rental Properties

European Investment Management Corp sold the two communities for $34 million. The 172-unit Jade Charlotte and the 120-unit Slate Charlotte were both built in 1986. Multi-housing News reports the buyer, Friedlam Partners, took out two 10-year loans from Flagstar Bank, amounting to $23.3 million to finance the acquisition. FriedLam now owns 29 multifamily properties in the Charlotte metro.

Formerly known as Heatherwood Trace, Jade Charlotte is located at 5600 Paces Glen Ave., close to the Eastland Promenade shopping mall. The other property acquired by FriedLam is some 4 miles from Jade. Located at 6017 Williams Road, The Slate Charlotte is in the vicinity of East Town Market, which features several dining and retail options.

A Berkadia team led by Caleb Troop acted on behalf of the seller.

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Read More News Stories About: Berkadia
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Friedlam Partners

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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