{"id":25907,"date":"2021-11-23T07:47:28","date_gmt":"2021-11-23T15:47:28","guid":{"rendered":"https:\/\/yieldpro.com\/?p=25907"},"modified":"2021-11-23T15:41:28","modified_gmt":"2021-11-23T23:41:28","slug":"cushman-wakefield-arranges-75-million-sale-on-behalf-of-jem-holdings","status":"publish","type":"post","link":"https:\/\/yieldpro.com\/2021\/11\/cushman-wakefield-arranges-75-million-sale-on-behalf-of-jem-holdings\/","title":{"rendered":"Cushman & Wakefield arranges $75 million sale on behalf of JEM Holdings"},"content":{"rendered":"

Cushman & Wakefield<\/a> announced the commercial real estate services firm has arranged the $75 million sale of Country Club, a 454-unit apartment community located in Charlotte, North Carolina.<\/p>\n

Watson Bryant and Brooks Colquitt of Cushman & Wakefield represented the seller, JEM Holdings, in the transaction. Concordia Properties acquired the property.<\/p>\n

\u201cOver seven years of ownership, we were able to successfully execute on our value-add strategy in one of the fastest growing markets in the Southeast,\u201d said Jessica M. Saks, Chief Operating Officer of JEM Holdings. \u201cWe would like to thank Cushman & Wakefield for facilitating a seamless transaction. We also want to congratulate Concordia on their acquisition and wish them success in the next phase of ownership for this property.\u201d<\/p>\n

Country Club is situated near the 78-acre mixed-use Eastland Mall redevelopment within blocks of the future Lynx Gold Line stop at Eastway Drive.<\/p>\n

\u201cCountry Club is situated in one of the most dynamic submarkets in all of Charlotte and is poised for future rental growth with limited nearby future supply,\u201d Colquitt said.<\/p>\n

Cushman & Wakefield\u2019s Sunbelt Multifamily Advisory Group ranks No. 1 in Sunbelt market share based on over 250 transactions and $6.2 billion in multifamily and land investment sales in 2020 (Source: Real Capital Analytics<\/a>). Market share reflects number of sales for Alabama, Arkansas, Northwest Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cushman & Wakefield announced the commercial real estate services firm has arranged the $75 million sale of Country Club, a 454-unit apartment community located in Charlotte, North Carolina. Watson Bryant and Brooks Colquitt of Cushman & Wakefield represented the seller, JEM Holdings, in the transaction. Concordia Properties acquired the property. \u201cOver seven years of ownership, […]<\/p>\n","protected":false},"author":15,"featured_media":25908,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[430,606,605],"tags":[5700,3843,609,608,3236],"class_list":["post-25907","post","type-post","status-publish","format-standard","hentry","category-atlantic-region","category-deal-boom","category-news","tag-charlotte-north-carolina","tag-cushman-wakefield","tag-deal-boom","tag-news","tag-north-carolina"],"yoast_head":"\nCushman & Wakefield arranges $75 million sale on behalf of JEM Holdings | Yield PRO<\/title>\n<meta name=\"description\" content=\"Cushman & Wakefield arranged the $75 million sale of Country Club, a 454-unit apartment community located in Charlotte, North Carolina.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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