REDUCED $600,000

NOW 73,100,000

Asking – 73.1M

$73.1m is the rough price range($300k/unit) with $30m assumable loan balance. $40m equity check.

The seller will consider the pre-emotive offer. The loan is 3.25% with 6 years remaining in full-term I/O.

Presley Uptown is a 230-unit community located in the heart of Charlotte’s CBD. Built in 2016, the Class-A asset is situated at the crossroads of the city’s most sought-after neighborhoods, providing outstanding access to Charlotte’s top lifestyle amenities and walkability to more than 135k jobs in the CBD. The premier location also offers immediate access to The Pearl, Charlotte’s new medical innovation district bringing 5,500 new jobs and 3,500 new medical students just next door. Presley Uptown’s accretive assumable debt offers positive leverage on day one with a 3.25% rate and 6 years of IO remaining. Furthermore, mid-rise competitors in the submarket offer up to $600 in headroom, ideally positioning Presley Uptown to capture significant rent gains while remaining at a discount to newly delivered high-rise supply ($3.25/SF). Incoming ownership will have an outstanding opportunity to close the substantial rent delta to competitors by building upon the property’s existing value-added scope and completing an enhanced, high-end renovation program. Presley Uptown represents a rare opportunity to invest in one of Charlotte’s best-located assets, offering immediate upside and exceptional long-term growth fundamentals, propelled by the neighboring delivery of Charlotte’s first 4-Year Medical School and Innovation District.