Exchange at Westgate

Jones Lang LaSalle, a North Carolina licensed real estate broker ("JLL"), has been retained as the exclusive sales representative for Exchange at Westgate, the "Property", or the "Asset", a 312-unit suburban garden multifamily asset. The Asset is nestled in the heart of the Leland submarket in the Wilmington MSA, which boasts some of the best demographics in the state of North Carolina. Completed in 2023, Exchange at Westgate is the premier asset in Leland for luxury living and submarket leading construction quality.

Exchange at Westgate is conveniently located in one of the highest-earning counties in North Carolina, with an average household income of over $115,000 within a three-mile radius of the Asset. With an average monthly cost of homeownership of over $2,400 within this same radius and a significant rental discount in comparison to similar properties in the area, Exchange at Westgate offers a unique opportunity for luxury living in an otherwise inaccessible area.

With Downtown Wilmington conveniently located just 12 minutes away from the Asset, Exchange at Westgate offers residents close proximity to a thriving coastal economy boasting a tight-knit community and exciting entertainment opportunities. From scenic and relaxing beaches to Wilmington's vibrant and historic city center, the Asset provides seamless access to a wide array of amenities and a highly desirable coastal lifestyle.

The Wilmington MSA has experienced strong population and job growth over the last decade and is forecasted to continue this growth. This significant economic expansion is driving the need for more rental units in the MSA, especially as Wilmington sees a rapid rise in home prices in response to the area's growing population.