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Waterton Acquires Four-Property NC MF Portfolio for $169M

Chicago-based Waterton acquired a four-property residential portfolio totaling 1,148 units in North Carolina for reportedly in the neighborhood of $169 million. The acquisition nearly doubles Waterton’s North Carolina portfolio, and comprises properties with prime value-add opportunity built between 1987 and 1995.

The properties include:

  • The Retreat at McAlpine Creek (6800 Fishers Farm Ln., Charlotte, pictured) – 400 units across 30 three-story garden buildings, and four townhome buildings set on 40 acres roughly 14 miles south of Charlotte’s CBD.
  • Ashford Green (230 Barton Dr., Charlotte) – 300 units across 22 three-story garden buildings, and five townhome buildings set on 20 acres roughly 10 miles northeast of Charlotte’s CBD.
  • Atria at Crabtree Valley (4601 Baymar Dr., Raleigh) – 268 units across 18 two- and three-story garden-style buildings, set on 28 acres north of downtown Raleigh and southwest of the Research Triangle Park.
  • Audubon Parc (1100 Audubon Parc Dr., Cary) – 180 units across 10 three-story garden-style buildings, set on 18 acres southwest of downtown Raleigh and the Research Triangle Park.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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