Blue Heron Asset Management recently made a profitable sale by selling The Linden Apartments to Continental Realty (CRC) for $49.5 million. Blue Heron had originally purchased the property in 2018 for $28.5 million and it is located at 605 Jetton St., just off Exit 30 of Interstate 77 near Lake Norman, approximately one mile from Davidson College and downtown Davidson.
According to an article in the Charlotte Business Journal, Blue Heron also acquired Langtree at Lake Norman apartments for $76 million in October of 2024, which included a total of 300 apartments and ground-floor retail space spanning over an area of about 48,000 square feet.
In February of the following year (2023), CRC paid a whopping $96.3 million to purchase Sycamore at Tyvola – another apartment complex that comprises a total of288 units situated on Sycamore Drive in Charlotte’s bustling city center. Later that same year (October), CRC went on to acquire yet another property known as1010 Dilworth Apartments – this time paying$51.9millionforthe184-unitcomplexlocatedat1010KenilworthAve.fromPGIMRealEstate.
This successful transaction has allowed Blue Heron Asset Management to reap significant gains from their investment into The Linden Apartments near Lake Norman – proving once again their expertise within the real estate market.
