CHARLOTTE—Wesley Village has traded for $45.8 million. KBS Legacy Partners Apartment REIT, a non-traded REIT KBS Capital Advisors and Legacy Partners Residential Realty sponsor, snapped up the class A multifamily complex.

“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, CEO of KBS Legacy Partners, tells GlobeSt.com. “We are excited about the opportunity to own a quality asset in a city that continues to show strength and stability.”

Wesley Village was built in 2009 and offers 301 units with 33 floor plans. The multifamily complex is located on 14.8 acres of land near Highway 27 and Interstates 77 and 277, five miles west of Charlotte Douglas International Airport. The multifamily asset is 93 percent occupied.

"This is one of the most recently built and highest quality apartment offerings in the market,” Henry says. "Due to the high quality finishes and amenities, large unit sizes and close proximity to the Charlotte CBD and surrounding shopping and entertainment venues, we anticipate Wesley Village to have a competitive pricing advantage in comparison to its competitors.”

Units feature nine-foot ceilings, private terraces and sun rooms, wood flooring and full-size washers and dryers. Community amenities include a 10,000-square-foot clubhouse, fitness center and yoga studio, billiards room, and a salt water swimming pool.

KBS Legacy Partners also owns Poplar Creek, a 196-unit complex in Schaumburg, IL.; the 256-unit Legacy at Martin’s Point in Lombard, IL; Legacy Crescent Park, a 240-unit property in Greer, SC; the 255-unit Residence at Waterstone in Pikesville, MD; and the 504-unit garden-style Legacy at Valley Ranch Apartments in Irving, Texas.  The purchase of Wesley Village brings the REIT’s total units to 1,752.