HHHunt Acquires North Carolina Multi-Housing Asset for $91M
Secures $60.3M for 261-unit Abberly NoDa Vista (formerly known as Live at NoDa)
HHHunt, has secured $60.3 million financing for the $91 million acquisition of Abberly NoDa Vista (formerly known as Live at NoDa), a 261-unit, five-story, wrap-style apartment within the NoDa neighborhood of Charlotte, North Carolina.
JLL Capital Markets represented the buyer in this transaction, and secured the floating-rate, bridge loan financing on behalf of the new owner. There were no seller representations, and JLL was the sole intermediary in this transaction.
Completed in 2019, Abberly NoDa Vista offers studio, one-, two- and three-bedroom units with average unit size of 892 square feet. Community amenities include an elevator, a barbecue grill and picnic area, a community gas grill, EV charging stations, private balconies and patios, a resort-style pool, sun deck, and gym.
Situated at 2120 N. Brevard St., the property is set across the street from the 25th Street Lynx Blue Line station, allowing residents access to the University, Uptown, and South End. The property also benefits from its location on N. Brevard St., a main artery in the NoDa neighborhood. In addition to premier connectivity, Abberly NoDa Vista is within proximity to numerous entertainment centers and jobs in the city.
The JLL Capital Markets Investment Sales team that represented the buyer was led by Matthew Lawton, John Gavigan, John Mikels and Nick Brown and the Debt Advisory team that arranged the financing was led by Travis Anderson and Warren Johnson.