Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
New call-to-action
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Atlanta & Southeast  + Carolinas  + Apartments  |  December 5, 2025
1207 Kelston Place
Mike Boyd
By: Mike Boyd

Ginkgo Pays $40.75M for East Charlotte Apartment Complex

Ginkgo Residential paid $40.75 million for The Kelston, a 310-unit rental community, located at 1207 Kelston Place. Built in 1986, Ginkgo plans to complete a series of capital improvements at the property that includes modernizing unit interiors, enhancing community spaces and renovating on-site amenities.

Ginkgo partnered with Banyan Street Real Estate Funds on the acquisition. The private equity firm is an affiliate of New York commercial real estate firm Banyan Street Capital.The Seller was represented by Cushman & Wakefield’s Paul Marley and Gavin Conlon.

Ginkgo Residential, founded in 2010, specializes in acquiring, renovating and managing high-quality housing while maintaining affordability. The firm owns and operates 8,500 units across 50 multifamily properties in North Carolina and South Carolina.

Connect

Inside The Story

Gingko

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.
Order Reprints