Wood Partners and its investment partner have sold Alta Prosperity Village, a recently completed, 292-unit apartment community in Charlotte, N.C.
The new owner is RK Properties.
Alta Prosperity Village is located at 7304 Brice Knoll Lane, north of the intersection of Interstate 485 and Prosperity Church Road in North Charlotte. In addition to connectivity to major employment centers, the property’s location within Prosperity Village Square offers walkability to a Publix Supermarket and a variety of other retailers and restaurants. Completed in 2018, the property offers residents class A amenities, such as a resort-style saltwater pool, outdoor TV lounge and grilling station, 24-hour fitness center, private gaming room, business center, coffee bar, dog park, pet spa, and garages. Units average 1,045 square feet with top-notch finishes, including large kitchen islands, stainless steel appliances, custom subway tile backsplashes, quartz countertops, plank flooring, nine-foot ceilings and private rotunda balconies.
“The main attributes apartment investors target are grocer adjacency, job connectivity and demonstrated rental demand,” said Allan Lynch, senior director at JLL Capital Markets. “With Publix next door, immediate I-485 interchange access to three major job clusters and proven onsite performance, Alta Prosperity Village presented a compelling investment opportunity by having all of those qualities.”
