TAMPA, FL-Phillips Development & Realty has sold PhillipsUniversity Center, a Class A apartment community consisting of 372units at the intersection of Harris Boulevard and I-85 inCharlotte, North Carolina. The buyer was Real Estate CapitalPartners, the equity partner in the development.

Real Estate Capital Partners and PDR funded Phillips UniversityCenter in 2009 and BBVA Compass Bank provided a construction loanfor the complex. The apartment community is situated in theNortheast/University submarket. For the full story, go toFlorida Real Estate Journal .

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