www.marej.com C reative F inancing Robinson, McCarley &Colquitt of Cushman &Wakefield SEMultifamily Advisory Group rep. sellers FCP&High Real Estate Group sell 240-unit apartment community in Charlotte, NC for $31.65 million C HARLOTTE , NC — FCP and High Real Estate Group booming expansion,” added White Eagle Property Group Chairman and CEO, Jeff Weiskopf . M id A tlantic Real Estate Journal — June 14 - 27, 2019 — 11A
delivers outstanding customer service daily. We recognize and thank FCP for partnering with us in this outstanding community.” “We are excited to add York Ridge to our growing portfolio, as we continue to actively pur- chase value-add opportunities in major markets,” said Abe Spitz , COO at White Eagle Property Group. “We will be investing significant capital by upgrading the interiors and enhancing the common area amenity spaces to give our residents the best living experience. York Ridge will be rebranded as the Avenues at Steele Creek as we reposition the asset.” “York Ridge is a great op- portunity for White Eagle to capitalize on Charlotte’s
announced the sale of York Ridge, a 240-unit apartment community in Charlotte to New York based White Eagle Property Group for $31.65 million. FCP recapitalized York Ridge in August 2015, becoming partners with High Real Estate Group in York Ridge and a Charleston, SC property in which the partners remain invested. “FCP is pleased with the success of the renovations completed at York Ridge,” said FCP vice president, Alex Cathcart . “We’re delighted that our partnership with High Real Estate Group re- sulted in a vastly improved community and a successful
Jordan McCarley , vice chair of Cushman & Wake- field said, “Southwest Char- lotte is a thriving submarket with outstanding job growth and attractive fundamen- tals.” McCarley continued, “York Ridge is well positioned to benefit from the area’s momentum and continued demand for communities in quality suburban locations.” FCP and High extend their appreciation to Marc Robin- son, Jordan McCarley and Brooks Colquitt of Cush- man & Wakefield Southeast Multifamily Advisory Group for their representation of the sellers in the sale.
York Ridge
investment.” “High is committed to serv- ing our residents with the best quality home possible,” said Brad Mowbray, senior
vice president & managing director - Residential Divi- sion, High Real Estate Group. “We maintain award-winning communities and our team
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