Greystone, Cushman & Wakefield Arrange $72.9M NC Apartment Deal

Greystone and Cushman & Wakefield provided acquisition financing and arranged the sale of Aventine, previously known as Ardmore at Bryton, a 288-unit multifamily property in the Charlotte suburb of Huntersville, North Carolina. 

The multifamily property was sold by Ardmore Residential to buyer Claremont Companies, a family office based in Massachusetts.

Cushman & Wakefield’s Alex McDermott, Louis Smart, Paul Marley, John Phoenix, Richard Montana, and Jacquelyn Aaron represented the seller in the $72.9 million transaction. Alex Basile, an Executive Director at both Greystone and Cushman & Wakefield, along with Michael Zelin and Drew Barnette of Cushman Wakefield’s Equity, Debt and Structured Finance team originated a $41.4 million Freddie Mac loan to finance the acquisition. 

Aventine is located at 13035 Ardmore Forest Rd. and features a fitness center, car care center, clubhouse with a resident lounge, complimentary Starbucks bar, pet spa and park, and a resort-style swimming pool.