Graycliff Picks Up Asheville Rental Community
Carlisle Residential has unloaded Highline North, a 168-unit multifamily property in Asheville. Graycliff paid $43.75 million for the property. Berkadia’s Caleb Troop, Thomas Colaiezzi, and Matt Robertson brokered the deal. Berkadia’s Jeremy Lynch and Jake Adoni secured acquisition financing through Freddie Mac on behalf of Graycliff.
Located at 602 Highline Drive and built in 2023, the community offers a variety of units, including one-, two-, and three-bedroom apartments, as well as three-bedroom townhomes, with sizes ranging from 822 to over 1,500 square feet. The apartments feature patios or balconies.
The community offers a range of amenities, including a fitness center equipped with cardio and weightlifting gear, a clubhouse featuring a TV lounge, wet bar, and shuffleboard, a pet spa and park, a salt-water swimming pool, an outdoor social lounge with a grill area, Amazon package lockers, detached garages, and electric vehicle charging stations.
The property is 15 minutes from downtown Asheville.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout