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Key Investment Highlights

Statesville is a 332-unit, Class A multifamily opportunity zone development located at 3245 Statesville Ave. in the North End area of Charlotte, NC. The site is an 18.77-acre entitled garden development located 1.5 miles from Uptown. The site is located in an Opportunity Zone with In-Place Zoning. The property has been rezoned to allow for the development of the multifamily units. North End is a rapidly developing submarket just North of Uptown. Nearby developments like Brightwalk, Camp North End, Optimist Hall, and Lintmens are beginning to transform the area into a live/work/play node.

Development Information

  • Property Type


  • Deal Type

    Opportunistic / Op Zone

  • Units


Located in
Charlotte, NC

3245 Statesville Ave.,
Charlotte, NC 28206
United States

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Disclaimer: The information contained herein is for informational purposes only and does not constitute an offer or sale or any form of general solicitation or general advertising of interests in any fund or investment vehicle. Any such offer will only be made in compliance with applicable state and federal securities laws pursuant to offering documents which will be provided to qualified prospective investors upon request. Prospective investors should review the offering documents carefully, which includes important disclosures and risk factors.

Risks and Limitations: the risks associated with making investment decisions based on targeted metrics is that they are targets. Commercial real estate investing is risky, and that means that the investment will not always play out according to expectations. Targeted returns involved multiple degrees of uncertainty and risk related but not limited to rental rates, lease expiration dates, occupancy rates, length of the investment period, exit cap rates, and interest rates. – Criteria and Assumptions- how a sponsor approaches the underwriting process (conservative, moderate, aggressive) may change the assumptions of the model which include targeted: cash yield, equity multiple, IRR, investment period and distribution rates

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