REMI

Starlight purchases Belle Haven Apartments

Tuesday, February 24, 2015

The previously announced acquisition of North Carolina’s Belle Haven Apartments by the Ontario-governed Starlight U.S. Multi-Family Core Fund (Starlight) has closed. Belle Haven Apartments, a group of seven three-storey apartment buildings, was purchased by Starlight for approximately $26.4-million U.S.

The LEED Silver-certified development boasts a reduced carbon footprint and a surfeit of amenities, including a central clubhouse, state-of-the-art fitness centre, yoga studio, sports and entertainment lounge, games room, business centre, swimming pool, dog park with pet washing station, and a car care centre. The property is comprised of one, two and three-bedroom units.

As of Feb. 12, the 176-unit apartment community, located at 9005 Post Canyon Lane in Charlotte, N.C., was 92.6 per cent occupied.

Multi-family property manager Greystar Real Estate Partners will manage the complex.

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