LaSalle Investment Management Invests in Weaverville Multifamily
LaSalle Investment Management has acquired The Holston, a newly constructed 238-unit apartment community in the Asheville submarket of Weaverville, NC.
Michael Saclarides, Louis Smart, and Devin Bryan of Cushman & Wakefield represented the seller, Crest Residential, in the transaction.
“Leisure markets across the Sunbelt are experiencing outsized rent growth as inward migration has remained strong coming out of the pandemic,” said Saclarides. ‘It’s very difficult to develop in Asheville due to the lack of suitable land, so there is limited supply and market fundamentals are strong.”
The Holston provides connectivity to downtown Asheville via Interstate 26 and US 25/US 70, while maintaining a suburban lifestyle. The community has units with picturesque mountain views.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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