Argyle Real Estate Capital has acquired Exchange at Westgate, a 312-unit luxury multifamily community in Leland, N.C., for $58.7 million.
Exchange at Westgate, located at 5214 Browning Lane, sits in the heart of Leland within the Wilmington metropolitan area.
The property offers access to downtown Wilmington, located 12 minutes away, providing residents with a thriving coastal economy, beaches, entertainment venues and major employment centers.
Completed in 2023, Exchange at Westgate features studios, one-, two- and three-bedroom apartments averaging 931 square feet. The community offers amenities including a saltwater pool, fitness center, cyber cafe, clubhouse and outdoor grilling areas. Unit interiors feature granite countertops, stainless-steel appliances, wood-style flooring and full ceramic tile backsplashes.
The property has access to retail, dining and entertainment options. Major nearby developments include a 3.2 million-square-foot Amazon fulfil
