Berkadia Completes the Sale of Two Property Portfolio in Charlotte, North Carolina
CHARLOTTE, NC – OCTOBER 18, 2023 – Berkadia announced today the sale of Hamilton Square and Heatherwood Trace, a two-property apartment portfolio located in Charlotte, North Carolina. Managing Director Caleb Troop and Director Thomas Colaiezzi of Berkadia Charlotte led the sale on behalf of the seller, European Investment Management Corporation. The deal closed on October 12.
“The demand for quality, workforce housing inventory across our city remains robust,” said Troop. “After an incredible 15-year ownership stint by EIMC, these assets are poised for the next phase of improvements.”
“It was a pleasure to work with Caleb and his team in selling our assets to a group that can further maximize them,” EIMC said. “Thank you to our administrative management team, legal team, and loyal employees on site in assisting EIMC in the disposition of these assets.”
Located at 6017 Williams Rd, Hamilton Square affords convenient access to East W.T. Harris Blvd. Hamilton Square was built in 1986 and features 120 units.
Located at 5600 Paces Glen Ave, Heatherwood Trace affords immediate access to Independence Boulevard, which feeds directly to uptown Charlotte. Heatherwood Trace was built in 1986 and features 172 units.