Greystone, Cushman and Wakefield Facilitate $72.9 Million North Carolina Apartment Transaction

Greystone, Cushman and Wakefield Facilitate $72.9 Million North Carolina Apartment Transaction

Aventine, previously known as Ardmore at Bryton, a 288-unit multifamily property in Huntersville, North Carolina was recently acquired and sold by Greystone and Cushman & Wakefield. The buyer of the property was Claremont Companies, a family office based in Massachusetts.

The seller was represented by Cushman & Wakefield’s team consisting of Alex McDermott, Louis Smart, Paul Marley, John Phoenix,
Richard Montana,and Jacquelyn Aaron. The transaction amounted to $72.9 million.

Financing for the acquisition was provided through a $41.4 million Freddie Mac loan originated by Executive Director Alex Basile from both Greystone and Cushman & Wakefield along with Michael Zelin and Drew Barnette from Cushman & Wakefield’s Equity,
Debt and Structured Finance team.

Located at 13035 Ardmore Forest Rd., Aventine offers various amenities including a fitness center,
car care center,resident lounge with complimentary Starbucks bar,petspaand park,and resort-style swimming pool.
This deal marks another successful collaboration between Greystone,Cushman&Wakefielddemonstrating their expertise in arranging complex transactions within the commercial real estate market.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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