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Middleburg Communities (“Middleburg”), a leading real estate investment firm focused on rental housing, today announced it has closed on a co-sponsored development opportunity with KDM Development. The project, West CLT, will be a 280-unit luxury Class A multifamily community located on Charlotte‘s booming westside. Leveraging their combined five decades of experience in multifamily investment, development and management, Middleburg and KDM Development secured construction financing for the project from Trustmark Bank, with CIBC as a participant, and equity investment from Phoenix Capital Partners. This capital injection will transform 15.11 acres at 3309 West Blvd. into a luxury amenity-rich multifamily community across five buildings, with construction set to begin in September 2024.