Fund I Portfolio
The Joinery
Description
A 2-building, 361-unit mid-rise multifamily development with 17,435 SF of ground floor retail situated in between the flourishing Optimist Park and NoDa submarkets of Charlotte, NC. This development is part of a walkable, master-planned community and is located between an arts and entertainment district that features local artists, restaurants, boutiques, and breweries.
It is also right next to Uptown Charlotte and just one block from the Lynx Parkwood Station, making it easy to access the city. This is an ideal location for those who want to live in an urban community with plenty of dining, entertainment, and retail options.
Details
Target Equity Multiple: 1.7x
Target IRR: 20%
Deal Type: Opportunistic
Asset Type: Multifamily
Sponsor: Swinerton
Target Investment Period: 3 years
