CHARLOTTE, NC-KBS Legacy Partners Apartment REIT Inc., based in Maryland, has signed an agreement to purchase Wesley Village, a 301-unit apartment complex in Charlotte, for $45.8 million from a subsidiary of Wood Partners. Earlier this month, the REIT entered into the purchase deal with the Wood Partners affiliate, Wesley Village Development.
The multifamily property, built in 2009, sits on nearly 15 acres of land near the junction of Thrift Road and Freedom Drive in the Wesley Heights neighborhood. It is currently 92% occupied. For the full story, go to Charlotte Business Journal .
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