107-Unit Charlotte-Area BTR Community Changes Hands
Blaze Capital Partners offloaded the Charleston Row Townhomes, a 107-unit townhome property in Pineville, North Carolina. Blaze Capital Partners and Argosy Real Estate Partners acquired the asset in July 2022 for $32 million. The property was 98% occupied at the time of sale. Berkadia’s Caleb Troop, Thomas Colaiezzi and Matt Robertson and Drew Kwiatkowski of Berkadia Charlotte led the sale on Blaze Capital. The buyer was not disclosed.
Located at 11945 Crooked Stick Place and built in 1969, the community offers two- and three-bedroom townhome units, with sizes ranging from 1,162 to over 1,700 square feet. Rents range from$1,725-$2,675.
The townhome residences feature private patios and private one- or two-car garages.
Charleston Row Townhomes is strategically located in Pineville within Charlotte’s highly sought-after South Charlotte corridor, placing residents in the heart of an employment-rich and amenity-driven submarket.
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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