Venue | Charlotte, NC

Construction Type: 4-story wrap

Units: 366 | Avg. Unit Size: 930 | Unit Mix: 1 BR (62%) 2 BR (38%)

Rentable Sq Ft: 340,313

Acreage: 7.32 | Density: 49.99 units/acre

Construction Start: March 2012

Status: Sold – December 2014

Total Project Cost: $54,200,000 |  Per Unit: $148,087

Sale Price: $88,000,000 |  Per Unit: $240,437

Lender: Capital One | Equity: CH Realty V | Buyer: Tribridge

Profit Margin: 41.9% |  JV IRR: 56.6%

Affiliation: JLB Partners