Weidner buys 484-unit CityPark View Apartments for $107.5M ($222k/unit) in Charlotte from LivCor

Weidner Apartment Homes has acquired CityPark View Apartments, a 484-unit multifamily property in Charlotte, N.C., for $107.5 million, according to Yardi Matrix. LivCor sold the asset.

The buyer also secured a $71.9 million Fannie Mae loan from Newmark, the same source shows. The property previously traded in 2015, when LivCor—through Preferred Apartment Communities—picked it up from Oxford Properties in a $66.7 million deal.

The transaction represents Weidner Apartment Homes’ second investment in the Charlotte metro area, expanding its portfolio to 884 units. The new owner will also be the property manager.

Weidner Apartment Homes
Ben Katon | SVP, Finance & Acquisitions
LivCor, a Blackstone Company
Scott Rosen | Senior Director, Investments

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