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First Multifamily Asset in $324M Portfolio Sells

CHARLOTTE—A handful of very qualified buyers competed for some of the highest quality multifamily assets in the Southeast. Find out who won the deal.

By Jennifer LeClaire, Jennifer LeClaire | Updated on November 07, 2013

CHARLOTTE—The Apartments at Blakeney, a 295-unit multifamily community in Charlotte, is the first property in a seven-asset Southeast portfolio to close. Northwood Ravin and affiliates are disposing of the portfolio for $324 million.

HFF senior managing director Jason Nettles, along with executive managing directors Matthew Lawton and Mark Gibson, represented the seller. Associated Estates Realty Corporation purchased the multifamily community. Associated expects to close on the balance of the portfolio in stages through fourth quarter 2014.

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