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 email@example.com.