CHARLOTTE—Ram is sold on Charlotte. That's why the company keeps making investments there. Ram Realty Partners III (RRP III), an affiliate of south Florida-based Ram, has announced an equity investment in a joint venture to develop The Crest at Midtown in Charlotte. The deal marks the fourth investment in Charlotte since opening its South End office in 2011.

Lennar Apartment Communities is developing the project. The 261-unit luxury mid-rise multifamily community is located on a South Kings Drive infill site in the Midtown submarket, across from the Metropolitan.

"We are aggressively expanding Ram's presence and portfolio in the region, particularly with multifamily opportunities,” says Casey Cummings, CEO of Ram. “The Crest at Midtown investment is compelling for two reasons: First, the location is unparalleled in Charlotte. Second, we have known the senior team at Lennar Apartment Communities for more than 15 years and are looking forward to working with them on this and other exciting opportunities in the market.”