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JEM Holdings Pays $6.14M for Charlotte Multifamily Building

GMC Property Management Divests The Windgate Place Apts.
April 3, 2014
JEM Holdings, a New York, NY-based company, acquired the 196-unit Windgate Place Apts. in Charlotte, NC from GMC Property Management for $6.14 million, or about $31,000 per unit.

The apartment complex delivered in 1974 at 220 Branchview Dr. and underwent renovations in 2007. The community sits on 12.28 acres of land and features one- and two-bedroom garden-style apartments.

Jordan McCarley and Marc Robinson of Multi Housing Advisors represented the seller.

Please see CoStar COMP #2992587 for more information on this transaction.

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