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Transactions reported this week include an apartment in Charlotte, N.C.
Northland Investment Corp. has acquired Inspire SouthPark, a 369-unit multifamily complex in Charlotte, for $145 million from seller and developer Morgan Bond Co. Located six miles south of downtown Charlotte, Inspire SouthPark is now the fourth of Northland Investment’s North Carolina apartment properties.
Morgan Bond Co. is a joint venture of Bond Cos. and Morgan Holdings.
Apartments range in size from studios to three-bedroom layouts with high ceilings, patios, upscale finishes and built-in wine coolers. The development features a plethora of luxury amenities including a pool with cabanas, two-story fitness center, wellness center with saunas and massage room, a social hall that serves beverages, and onsite canine day care.
It is located near the SouthPark, an upscale shopping mall with more than 150 stores.
Apartment average rents in Charlotte were growing 4.7 percent yea
