Cushman & Wakefield’s Carolinas multifamily team has arranged the sale of two apartment communities, Whitehall Estates and Stone Ridge, located in Charlotte, North Carolina. Jordan McCarley and Marc Robinson of Cushman & Wakefield represented the seller, YFP/Yager Properties, in the transaction, and Gamma Real Estate, LLC, acquired the properties.

“These properties were extremely well received by the investment community,” McCarley said. “We’re continuing to see high demand for quality assets in solid suburban submarkets, especially if there’s a value-add component.”

The 252-unit Whitehall Estates was built in 1996, and is currently 92.5 percent leased. Amenities include a resort-style swimming pool, new business center, 24-hour fitness center, lighted tennis courts and a sand volleyball court.

Stone Ridge, with 318 units and built in 2001, features a business center, two resort-style swimming pools, a putting green, playground and a 24-hour fitness center. It is currently 94 percent leased.

For more information about Cushman & Wakefield’s Southeast Multifamily Advisory Group, visit https://multifamily.cushwake.com.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.