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Atlanta & Southeast  + Carolinas  + Apartments  | 
The Solomon Organization has sold a portfolio of three Charlotte, NC garden apartments for $173.5 million.

The Solomon Organization Splits with Charlotte Multifam Portfolio for $174M

The Solomon Organization has sold a portfolio of three Charlotte, NC garden apartments with 762 combined units for $173.5 million:

  • Waterford Hills Apartments, Charlotte, 270 units, built in 1995
  • Mission Matthews Place, Matthews, 392 units, built in 1994
  • Matthews Pointe, Matthews, 100 units, built in 1986

 “Our model historically anticipates a longer hold than five years, but in this case the rapid appreciation and the strength of this offer persuaded us to sell assets in this great market – but we fully expect to be back as we plot future acquisitions,” said Zach Solomon, managing principal for Solomon.

The communities are located in suburban Charlotte locations with convenient access to the metro’s major employment centers in Uptown, University City, South End and Ballantyne.

Kevin Kempf, Howard Jenkins, Drew Harney and William Yowell of CBRE represented Solomon.

Photo: Mission Matthews Place

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The Solomon Organization

About Lisa McDuffie

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.

  • ◦Sale/Acquisition
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