Nov
08

Charlotte Apartments Sold for $152,159 per Unit

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KBS Legacy Partners Apartment REIT, Inc. has closed on its $45.8 million purchase of the 301-unit Wesley Village apartment complex.

The property, which is 93 percent occupied, is on nearly 15 acres in the Wesley Heights neighborhood, near the intersection of Freedom Drive and Thrift Road. The seller was an affiliate of Wood Partners.

“The KBS Legacy Partners team has identified and acquired several well-performing assets with solid growth potential, and Wesley Village is no exception,” W. Dean Henry, chief executive of KBS Legacy Partners Apartment REIT, says in a statement.

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