Junction 15042019-01-25T15:58:05+00:00

Project Description

Junction 1504 | Charlotte, NC

Construction Type: 3-story garden
Units: 281 | Avg. Unit Size: 903 | Unit Mix: 1 BR (65%) 2 BR (35%)
Rentable Sq Ft: 253,785
Acreage: 11.50 | Density: 24.43 units/acre
Construction Start: November 2011
Status: Sold – December 2013
Total Project Cost: $31,850,000 |  Per Unit: $113,345
Sale Price: $59,000,000 | Per Unit: $209,964
Lender: Wells Fargo | Equity: Nationwide | Buyer: Invesco
Profit Margin: 82.9%
JV IRR: 167.5%
Affiliation: JLB Partners