Northmarq Completes $9.7M ($101k/unit) Sale of Lucern Capital’s Hotel-to-Multifamily Conversion Flats at 87Ten in Charlotte to Vertex

7/24/2025

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YieldPro

• Subcategory: MF: Market Rate

• Tag: Conversion | Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Conversion: Hotel-to-Multifamily, Sale: Investment, Sale: Single Property

• Company: Northmarq, Lucern Capital Partners

Ron Corrao, Eric Liebich, Matt Weinstein, and Dane Lozier of Northmarq‘s Charlotte, North Carolina office brokered the $9.7 million sale of Flats at 87Ten, a newly converted Class A multifamily community located in the heart of Charlotte’s University City submarket.

Northmarq represented the seller, Lucern Capital Partners, and procured the buyer, Vertex Investments.