Northmarq‘s Charlotte Multifamily Investment Sales team led by Allan Lynch, Caylor Mark, Andrea Howard, John Currin, Jeff Glenn, and Austin Jackson successfully completed the $82 million sale of Alexan Mill District, a 290-unit mid-rise apartment community located at 1001 N Brevard Street in Charlotte, North Carolina.
Northmarq represented the seller, Trammell Crow Residential (“TCR”). The buyer was The Seminole Tribe of Florida Sovereign Wealth Fund’s Real Estate Fund (“SemREF”), marking SemREF’s second local deal with TCR and third nationally.
“Alexan Mill District’s thoughtful design and prime location prompted significant interest from the investor market,” Lynch said. “TCR once again delivered a phenomenal project that will see outsized renter demand in the years to come.
“Our team was thrilled to facilitate this transaction, aligning a premier property with a trusted buyer like SemREF,” Mark added.
Built in 2024, Alexan Mill District offers studio, one- and two-bedroom units with stainless steel appliances, quartz countertops, subway tile backsplashes, plentiful storage and oversized closets, in-unit washer and dryer, LED lighting, tech-rich homes with keyless entry, and private balconies and dual-entry porches.
Community amenities include an expansive community clubhouse, indoor/outdoor speakeasy supper club with a catering kitchen, rooftop lounge with expansive views of Uptown Charlotte, lavish saltwater pool with sun ledge and outdoor fireplace, HDTV streaming lounge, billiards and game tables, tech lounge, media studio, work-from-home café, outdoor courtyard, 24/7 state-of-the-art fitness center, 24/7 access package room, and a covered parking deck.
Alexan Mill District boasts a prime location in Mill District, situated near Optimist Hall, a historic textile mill turned vibrant food hall and retail destination. The neighborhood features nearby green spaces and the NoDa greenway, Optimist Park, easy access to the area’s best dining and shopping, breweries, entertainment, grocery options and more. It features nearby access to Interstate 277 and is roughly one mile from Uptown Charotte.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $78 billion and a three-year transaction volume of $69.5 billion.
