Multifamily REIT dumps Charlotte apartments

Relinquishes 16-year-old property

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

The Town and Country Trust sold Forest Ridge Apartments in Charlotte, N.C. The transaction was valued at $14.5 million. The 330-unit community was built in 1988 and was originally acquired by the company in March 1998. The buyer's identity was not disclosed. The Town and Country Trust is a multifamily real estate investment trust that owns and operates apartment communities in the Mid-Atlantic and Florida. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....