CRC Core Multifamily Fund makes second purchase

Continental Realty Corporation (CRC), a Baltimore-based real estate investment and management company active in 10 states, has purchased its eighth multifamily community in North Carolina with the recent $96.3 million acquisition of Sycamore at Tyvola, located at 707 Sycamore Centre Drive in Charlotte, N.C.

Cushman &Wakefield represented the seller.

Developed by Switzenbaum & Associates and delivered in December 2018, the 288-unit four-story elevator-serviced community was 95.5 percent leased at the time of this transaction.

Amenities within the gated community include a large resident clubhouse, a state-of the-art fitness center which is open on a 24/7 basis, an event space, spin studio, yoga and barre room, conference room, business center and secure digital package-acceptance lockers. Outdoor amenities include a swimming pool with sun shelf, poolside lounge, tennis court, putting green,  barbeque area, grilling pavilion, fire pit, dog park and wooded