CHARLOTTE—Wesley Village has traded for $45.8 million. KBS Legacy Partners Apartment REIT, a non-traded REIT KBS Capital Advisors and Legacy Partners Residential Realty sponsor, snapped up the class A multifamily complex.
“The KBS Legacy Partners team has identified and acquired several well-performing assets with solid growth potential, and Wesley Village is no exception,” W. Dean Henry, CEO of KBS Legacy Partners, tells GlobeSt.com. “We are excited about the opportunity to own a quality asset in a city that continues to show strength and stability.”
Wesley Village was built in 2009 and offers 301 units with 33 floor plans. The multifamily complex is located on 14.8 acres of land near Highway 27 and Interstates 77 and 277, five miles west of Charlotte Douglas International Airport. The multifamily asset is 93 percent occupied.
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