MASSACHUSETTS INVESTOR ACQUIRES CHARLOTTE MULTIFAMILY COMPLEX

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CHARLOTTE, N.C. — Newton, Mass.-based Northland Investment Corp. has purchased River Birch Phase II Apartments, a 184-unit, 25-acre complex in Charlotte, from St.Louis-based The Michelson Organization, for an undisclosed amount. Community amenities include a resort-style swimming pool, volleyball court, business center and 24-hour fitness facility. Blake Okland of Apartment Realty Advisors’ Charlotte office was the sole broker in the transaction.

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