Joint Venture Development of The Residences at South End

Deal value: $85,000,000

Joint venture between Greystar and PGIM Real Estate to develop a 220-unit mid-rise multifamily project in Charlotte, NC, targeting urban professionals and leveraging proximity to transit.

The joint venture between Greystar and PGIM Real Estate aims to capitalize on Charlotte’s robust population growth, urbanization, and demand for high-quality rental housing among urban professionals. The investment is driven by the belief that proximity to transit and employment centers will sustain strong leasing velocity and rent growth. Timing reflects both the region’s economic momentum and institutional appetite for multifamily assets in high-growth Sun Belt markets.