Berkshires on Providence Charlotte

ARA Brokers Sale of Apartment Community in Charlotte

by John Nelson

CHARLOTTE, N.C. — ARA has brokered the sale of Berkshires on Providence, a 473-unit, Class B apartment community in Charlotte. Berkshires on Providence was built in 1969 and was receiving upgrades to units as they turned over. Community amenities include two swimming pools, two tennis courts, a business center, children’s play area, clubhouse and laundry center. The property was 97 percent occupied at the time of sale. Dean Smith, Blake Okland, Sean Wood and John Heimburger of ARA represented the seller, an affiliate of Boston-based Berkshire Group, in the transaction. The buyer, Charlotte-based Levine Properties, purchased the asset for an undisclosed amount.

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