Miramar Pays $56M for Two Charlotte BTR Communities
Miramar Capital acquired Towns at Eastland for $27.6 million and Crossings at NoDa for $28.2 million from Hopper Communities.
The Charlotte Business Journal reports that Crossings at NoDa is an 88-unit development, located at 204 Monarch Creek Lane (shown) at the intersection of North Tryon Street and Sugar Creek Road. The community offers two-bedroom townhomes with rent starting at $2,195 per month and three-bedroom townhomes at $2,295 per month. Crossings at NoDa delivered in 2023.
Towns at Eastland, located at 6134 Wilora Lake Road near Eastland Yards, has 89 two- and three-bedroom units. Monthly rent starts at $2,095 for a two-bedroom and $2,195 for a three-bedroom. It delivered in early 2025.
Both properties are half full.
Locally, Miramar owns Newton Creek Townhomes, now called The Grove Residences, a 55-unit build-to-rent townhome community at 5234 Newton Creek Drive in east Charlotte. The firm acquired that development in May 2025 for $15.1 million.
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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