Greystar Acquisition of The Addison Apartments, Charlotte NC

Deal value: $112,500,000

Acquisition of a 321-unit Class A multifamily property in Charlotte, North Carolina, targeting stabilized cash flow and long-term rent growth.

The core investment motivation is to acquire a stabilized, Class A multifamily asset in a high-growth market, targeting predictable cash flow and long-term rent appreciation. Charlotte’s strong population and job growth, combined with limited new supply in the Class A segment, make this an attractive entry point. The belief driving this allocation is that institutional-quality multifamily in Sun Belt cities will continue to outperform due to demographic trends and persistent housing demand.