SEPTEMBER 21, 2018- CHARLOTTE, NC - New York City-based Addison Partners, headed by Brian Schneider and Mary Stewart Malone, acquired its first property in the Charlotte market with the purchase of Tanglewood Apartments, a 96-unit building at 3200 Dalecrest Drive.
“Charlotte’s job and population growth over the past few years makes it an attractive area for us,” said Mary Stewart. “The long-term outlook is very promising and we hope to continue growing in this market.”
Built in 1970, the property has 96 garden-style units arranged among fourteen buildings. One-bedroom units average 782 SF, two-bedroom units average 892 SF, and three-bedroom units average 992 SF.
The McDaniel Team at Marcus & Millichap marketed the property. Walker & Dunlop provided financing.
www.addison-partners.com / www.tanglewoodaptnc.com