APARTMENT COMMUNITY CHANGES HANDS

by admin

CHARLOTTE, N.C. — Atlanta-based VP Charlotte LLC has acquired Stonewall Jackson Apartment Homes, a 85-unit, 14-acre multifamily community in Charlotte, from ARC Realty, for $3 million. The complex features 12 one-bedroom, 52 two-bedroom and 21 three-bedroom units. The property is located at 5751 Airport Dr., and was 97 percent occupied at the time of sale. Jim Juhl of Sperry Van Ness’ Cornelius, N.C., office represented the seller, and the buyer was represented by Southern Commercial Real Estate.

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