Northway at Woodcrest

Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for Northway at Woodcrest (“the Property” or “the Asset”) 1990-vintage fully renovated asset consisting of 40 units. Given the expansive renovations, the asset has been repositioned to a stronger demographic in the Concord MSA which is a rapidly growing bedroom community of Charlotte.

Current ownership has invested significant capital into the asset renovating the individual units and the exteriors of the buildings. The upgraded interior finishes of the units include luxury vinyl plank flooring, stainless steel appliance, and granite counter tops. As well as many welcome exterior renovations such as redone entry stairways, new backyard decks, expansive landscaping, and other enhancements. With the numerous and holistic upgrades implemented, new ownership will have the ability to solely focus on operational efficiencies and increasing the performance of the assets.

The assets’ proximate location to many rapidly expanding areas of the Charlotte MSA, and current ownership’s capital investment in the project all make for a unique and lucrative investment opportunity. Ownership will be able to capitalize on tantamount rental demand from the location, while being able to push rents from the high quality of the renovations.