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CBRE Investment Management Fund acquires residential property in Charlotte, N.C.
CBRE Investment Management, on behalf of a separate account client, has acquired Madison Place, a 226-unit residential property located at 3125 Furr Court in Charlotte, N.C.
Madison Place is a newly constructed, class A, garden-style apartment community that includes one-, two- and three-bedroom units which feature stainless steel appliances, quartz countertops, two-tone cabinetry, designer lighting, soaking tubs, in-unit washers and dryers, private patios or balconies, and walk-in closets. Residents also have access to various community amenities including a saltwater pool with a tanning deck, a state-of-the-art fitness studio, clubroom, pet grooming spa, outdoor kitchen, grilling areas and a fire pit.
“With lower living and business costs, robust infrastructure investment, and diversity of talent, Charlotte should continue to attract businesses and people,” said Steve Gullo, head of residential at CBRE Investment Management. “This acquisition represented an opp