Sterling Group secured joint venture equity for a recapitalization of 566 units over two properties for the Sterling Group in Charlotte, N.C., and Augusta, Ga.
Berkadia JV Equity & Structured Capital arranged the recapitalization.
The properties in the recapitalization are Argento at Riverwatch, a 296-unit garden style multifamily community located at 420 Topgolf Way in Augusta, Ga., and Argento at Kellswater Bridge, a 270-unit garden style multifamily community located at 40000 Argento Way, Kannapolis, N.C.
