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New York Developer Enters Charlotte With $33.5 Million Apartment Purchase

Blackfin Real Estate Investors Sells 301-Unit The Flats at Arrowood
The Flats at Arrowood was built in 1974. Blackfin Real Estate Investors has completed "significant" improvements to the property over the last two years. (CoStar)
The Flats at Arrowood was built in 1974. Blackfin Real Estate Investors has completed "significant" improvements to the property over the last two years. (CoStar)
By Hillary Engle
CoStar Research
February 24, 2020 | 5:16 P.M.

New York developer Quantum Equities is making its first foray into Charlotte, North Carolina, purchasing a 301-unit apartment complex called The Flats at Arrowood for $33.5 million.

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