Cordelia

Jones Lang Lasalle, a North Carolina licensed real estate broker ("JLL"), has been retained as the exclusive sales representative for The Cordelia ("The Asset, The Property, or The Offering"), a distinguished multifamily investment opportunity in the dynamic Wilmington, NC market.

This premium garden-style development encompasses 426 residential units strategically positioned in Midtown Wilmington's core, offering residents an integrated live-work-play environment. The property's location provides exceptional access to the region's premier employers, including Corning, Well Care, nCino, and PPD, while maintaining proximity to both Downtown Wilmington and Wrightsville Beach. The development features "Country Club" caliber amenities that deliver an unparalleled residential experience in the Wilmington market.

The Cordelia represents a rare acquisition opportunity for a Class-A Garden community in one of the nation's most rapidly expanding metropolitan areas. Wilmington led the nation in inbound migration in 2024, while also posting 13.7% population growth between April 2020 and July 2024. The region's economic trajectory, strategic positioning relative to major North Carolina commercial centers including Charlotte and Raleigh, and exceptional quality of life metrics make it particularly attractive to upwardly mobile professionals and higher-income demographic segments.

The property has exhibited strong lease-up trends, achieving an average of 26 leases monthly from May 2024 through May 2025. The asset's long-term value proposition is reinforced by its proximity to key entertainment venues and employment clusters. The Cordelia presents a compelling opportunity to acquire a trophy asset in the Wilmington market.