CRE 101 Blog

Blue Heron Asset Management sold The Linden Apartments to Continental Realty (CRC) for $49.5 million. Blue Heron paid $28.5 million from the property in 2018. The apartment complex at 605 Jetton St. is just off Exit 30 of Interstate 77, near Lake Norman. The Linden is about a mile from Davidson College and downtown Davidson.

The Charlotte Business Journal reported that Blue Heron bought Langtree at Lake Norman apartments for $76 million in October 2024. The deal included 300 apartments and 48,000 square feet of ground-floor retail space.

CRC paid $96.3 million in February 2023 for Sycamore at Tyvola, which includes 288 apartments at 707 Sycamore Drive in Charlotte. In October of that year, CRC bought 1010 Dilworth Apartments for $51.9 million. That 184-unit complex at 1010 Kenilworth Ave. was acquired from PGIM Real Estate.

The post Blue Heron Reaps Nice Gain on Lake Norman Apartment Sale appeared first on Connect CRE.

​  Blue Heron Asset Management sold The Linden Apartments to Continental Realty (CRC) for $49.5 million. Blue Heron paid $28.5 million from the property in 2018. The apartment complex at 605 Jetton St. is just off Exit 30 of Interstate 77, near Lake Norman. The Linden is about a mile from Davidson College and downtown Davidson. …
The post Blue Heron Reaps Nice Gain on Lake Norman Apartment Sale appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News