Ginkgo Pays $40.75M for East Charlotte Apartment Complex

Ginkgo Pays $40.75M for East Charlotte Apartment Complex
News| December 5, 2025| Mike Boyd
Atlanta & Southeast + Apartment Buildings

Ginkgo Residential paid $40.75 million for The Kelston, a 310-unit rental community, located at 1207 Kelston Place. Built in 1986, Ginkgo plans to complete a series of capital improvements at the property that includes modernizing unit interiors, enhancing community spaces and renovating on-site amenities.

Ginkgo partnered with Banyan Street Real Estate Funds on the acquisition. The private equity firm is an affiliate of New York commercial real estate firm Banyan Street Capital.The Seller was represented by Cushman & Wakefield’s Paul Marley and Gavin Conlon.

Ginkgo Residential, founded in 2010, specializes in acquiring, renovating and managing high-quality housing while maintaining affordability. The firm owns and operates 8,500 units across 50 multifamily properties in North Carolina and South Carolina.

Other News

Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants

New York & Tri-State + Apartment Buildings

BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...

Learn more

80-Unit Seniors Housing Development Opens in Suburban Chicago

Chicago & Midwest

Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened.  Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...

Learn more

312-Unit Multifamily in Indiana Changes Hands

Chicago & Midwest + Apartment Buildings

Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up