Waterton Purchases 426-Unit Addison Park Apartment Community in Charlotte, North Carolina
CHARLOTTE, NC - Waterton, a U.S. real estate investor and operator, announced the acquisition of Addison Park, a 426- unit rental community in Charlotte, North Carolina.Situated on 44 landscaped acres in the Harris Boulevard / Mallard Creek submarket, the community comprises 22 three-story buildings with attached, direct-access garages. Apartments offer a mix of one-, two- and three- bedroom floor plans , each with 9-foot ceilings, a wood-burning fireplace and private patio or balcony. Community amenities include two resort- style swimming pools with sun decks, a resident clubhouse, 24- hour fitness facility , fully equipped business center , outdoor grilling area , children’s playground, car detailing station and on-site “bark park” with grooming station.
“There continues to be strong demand for luxury rental housing in Charlotte,” said Matthew Masinter, senior vice president of acquisitions at Waterton. “This was an opportunity to acquire an attractive asset in a h...