Lumeo at Tryon Park

Posted: 4/5/2022
314 Units
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Lumeo at Tryon Park
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Lumeo at Tryon Park
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Lumeo at Tryon Park
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Lumeo at Tryon Park
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Lumeo at Tryon Park
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Lumeo at Tryon Park
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Lumeo at Tryon Park
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Lumeo at Tryon Park
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Lumeo at Tryon Park
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Lumeo at Tryon Park

About

About Lumeo at Tryon Park

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present Lumeo at Tryon Park, a newly built 314-unit apartment community in Charlotte, NC. The property is ideally located in the University City submarket, a booming employment center featuring 23 Fortune 500 companies, 11M SF of office space and more than 75k jobs. Lumeo benefits from both direct access to I-85 and walkability to the LYNX Blue Line, providing residents unmatched accessibility to Charlotte’s foremost employment centers and lifestyle amenities. Furthermore, the property is embedded in the University submarket’s primary retail and entertainment corridor, anchored by Topgolf. The thoughtfully designed asset features luxury finishes and top-of-the-line amenities, tailored to appeal to the area’s thriving millennial renter base. Impressive operating momentum and $300+ headroom to competitors highlight incoming ownership’s opportunity to capture dramatic organic rent growth as the property enters its second generation of leasing. Lumeo at Tryon Park represents an outstanding opportunity to acquire a Class-A property in an irreplaceable location, offering significant upside through a mark-to-market leasing strategy and bolstered by 16%+ forecasted rent growth.

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