MHA BROKERS SALES OF SIX APARTMENT COMMUNITIES FOR $34.3M

CHARLOTTE, N.C. — Multi Housing Advisors (MHA) has arranged the sales of six apartment communities in North Carolina totaling 1,261 units. The properties sold for an aggregate $34.3 million. Marc Robinson and Jordan McCarley of MHA’s Charlotte office represented the sellers in all six sales. The buyers weren’t represented by brokers. The acquired properties include the 220-unit Beacon Eastchase in Charlotte, which Eller Capital Partners purchased for $8.3 million; the 109-unit Lemans at Lawndale in Greensboro, which SBV Communities purchased for $2.7 million; the 106-unit Lexington Commons in Greensboro, which SBV Communities purchased for $3.4 million; the 180-unit Fox Run in Greensboro, which Richard Anderson bought for $4 million; the 454-unit The Park in Charlotte, which Northland Investment Corp. sold to FMM for $12.3 million; and the 192-unit Hanover Landing in Charlotte, which Ellington Management Group purchased for $3.6 million.