Venue2019-01-25T15:52:43+00:00

Project Description

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