Stone Ridge & Whitehall Estates

Posted: 10/22/2019
570 Units
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Stone Ridge
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Stone Ridge
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Stone Ridge
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Stone Ridge
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Stone Ridge
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Stone Ridge
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Stone Ridge
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Stone Ridge
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Stone Ridge
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Stone Ridge
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Stone Ridge
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Stone Ridge
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Whitehall Estates
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Whitehall Estates
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Whitehall Estates
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Whitehall Estates
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Whitehall Estates
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Whitehall Estates
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Whitehall Estates
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Whitehall Estates
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Whitehall Estates
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Whitehall Estates
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Whitehall Estates
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Whitehall Estates

About

About Stone Ridge & Whitehall Estates

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 318-unit, 2001-built Stone Ridge & 252-unit, 1996-built Whitehall Estates apartment communities located in Charlotte, NC. Bound by an abundance of employment, including an average of +71,500 jobs within a 3-mile radius and +42.8M SF of industrial, office, and retail space, the properties provide an unmatched, connected suburban location. The duo is primed to continue benefitting from prolific economic development and population influx driving a +9.25% submarket rent growth projection through 2022, while portfolio operating synergies bolster consistently strong financial performance. With significant rent headroom of +$400 per unit to submarket leaders, new ownership is ideally positioned to continue the dynamic in-process value-add program or execute an enhanced strategy to meet Class-A competitors.