HHHunt Drops $91M for 261-Unit Community in Charlotte’s NoDa Neighborhood

JLL has closed the $91-million acquisition of and the $60.3-million financing for Abberly NoDa Vista (formerly Live at NoDa), a 261-unit, five-story, wrap-style apartment within the NoDa neighborhood of Charlotte, NC.

Matthew Lawton, John Gavigan, John Mikels and Nick Brown of JLL represented the buyer, Blacksburg, VA-based HHHunt. Travis Anderson and Warren Johnson secured the floating-rate, bridge loan financing on behalf of the new owner. There were no seller representations, and JLL was the sole intermediary in this transaction.

Completed in 2019, Abberly NoDa Vista offers studio, one-, two- and three-bedroom units with average unit size of 892 square feet. Community amenities include an elevator, a barbecue grill and picnic area, a community gas grill, EV charging stations, private balconies and patios, a resort-style pool, sun deck and gym.

The property at 2120 N. Brevard Street is set across the street from the 25th Street Lynx Blue Line station for access to the University, Uptown and South End districts.

 JLL was retained by HHHunt this year to represent it on an exclusive buy-side representation for a large capital placement of a 1031 transaction, where they sold a significant asset in the Northeast to strategically redeploy into strong, long-term growth markets in the Sunbelt.  There will be a total of five, Class A multi-housing assets acquired in Nashville, Atlanta and Charlotte. HHHunt intends to continue to acquire assets on a strategic basis going forward.