LARAMAR GROUP ACQUIRES APARTMENT COMMUNITY

by admin

CHARLOTTE, N.C. — Chicago-based The Laramar Group has acquired Waterford Lakes, a 694-unit, 43-acre lakeside property in Charlotte, from an undisclosed buyer. The property is located at 8000 Waterford Lakes Dr., and features one-, two- and three-bedroom apartments as well as tennis courts, two swimming pools, a fitness center, indoor racquetball court and a cinema room. Laramar plans to upgrade the property with $4 million in improvements. Prior to purchasing Waterford, Laramar managed it for the previous owner.

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