Penzance, TriWest Multifamily Purchase Stoney Trace Apartments in Charlotte for $59.8M ($157k/unit)

1/30/2025

|

REBusinessOnline

• Subcategory: Capital Markets: Fund, MF: Market Rate

• Tag: JV-Partnership | Sale

• Additional Filters-Subcategory: Capital Markets: Fund-Value Added, MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Walker & Dunlop

A partnership between Penzance and TriWest Multifamily has purchased Stoney Trace Apartments, a 380-unit community located at 4616 Stoney Trace Drive in Charlotte’s Mint Hill neighborhood. The previous owner sold the recently renovated apartment community for $59.8 million.