Tribal Wealth Fund Pays $82M for Charlotte Apartment Community
Trammell Crow offloaded Alexan Mill District, a 290-unit apartment community at 1001 N. Brevard St. in Charlotte. The Seminole Tribe of Florida Sovereign Wealth Fund paid $82 million for the rental asset.
Northmarq’s Charlotte Multifamily Investment Sales team, led by Allan Lynch, Caylor Mark, Andrea Howard, John Currin, Jeff Glenn, and Austin Jackson, represented Trammell Crow.
Built in 2024, Alexan Mill District offers studio, one- and two-bedroom units with private balconies and dual-entry porches.
Community amenities include a community clubhouse, indoor/outdoor speakeasy supper club with a catering kitchen, rooftop lounge with views of Uptown Charlotte, saltwater pool with sun ledge and outdoor fireplace, HDTV streaming lounge, billiards and game tables, tech lounge, media studio, work-from-home café, outdoor courtyard, 24/7 state-of-the-art fitness center, 24/7 access package room, and a covered parking deck.
From capital markets and financing trends to development, acquisitions, and property management strategies, Connect Apartments on September 11 dives into the issues shaping today’s multifamily landscape. Join the experts leading conversations on affordability, innovation, market dynamics, and investment opportunities—all in one day, under one roof. If you want the latest insights that drive decisions in apartments, this is where you’ll find them: www.connectapts2025.com
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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