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About
About Crown Portfolio
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 984-unit Crown Portfolio consisting of Maple Run, Townes at University Pointe, and Woodland Hollow apartment communities located in Charlotte, NC. This asset is situated in the rapidly expanding University City submarket in northeast Charlotte. Built between 1969-1976, The Crown Portfolio represents outstanding opportunity to invest in the second largest job market in the Charlotte. UNCC located 3 miles from the property provides an ideal pipeline of qualified graduates with 30,000+ students enrolled. The portfolio has seen $18M capital infused since 2018. New ownership has an opportunity to continue a proven value-add program that has seen average premiums of $170 over unrenovated units. 309 units have seen renovations leaving 675 units with value-add potential. The property is ideally situated in proximity to the Tom Hunter Lynx Light rail station, providing easy access to 195k jobs.
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