FCP℠ and High Real Estate Group have sold York Ridge, a 240-unit apartment community in Charlotte, N.C., to White Eagle Property Group for $31.65 million.
“York Ridge is a great opportunity for White Eagle to capitalize on Charlotte’s booming expansion,” said Jeff Weiskopf,White Eagle Property Group chairman and CEO.
FCP recapitalized York Ridge in August 2015, becoming partners with High Real Estate Group in York Ridge and a Charleston, S.C., property in which the partners remain invested.
Jordan McCarley, vice chair of Cushman & Wakefield noted, “Southwest Charlotte is a thriving submarket with outstanding job growth and attractive fundamentals.” McCarley continued, “York Ridge is well positioned to benefit from the area’s momentum an
