East Charlotte apartment communities sell for $12.5 million

Two apartment complexes on opposite sides of Independence Boulevard were recently sold for $12.5 million. Park Haven, a 112-unit community formerly known as Lion's Head Apartments, and Parkwood East Apartments, containing 128 units, were sold to two different Charlotte real estate firms, according to Raj Ravi, regional manager of Marcus & Millichap's (NYSE: MMI) Carolina offices. Parkwood East closed on July 18 for $7.2 million, and Lion’s Head sold for $5.3 million in a transaction that closed…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/08/10/eastcharlotte-apartment-communities-sell-for-12-5.html?ana=RSS%26s=article_search