Author: kmojurgen70408
Magma Equities and Franklin Templeton Acquire Charlotte, NC Apartment Community for $79.25 Million
Cameron Southpark MANHATTAN BEACH, Calif. – Jan. 5, 2022 – PRLog — Magma Equities (“Magma”) in joint venture with funds managed by Franklin Templeton has acquired in an off-market transaction, Cameron SouthPark, a 309-unit apartment community in Charlotte, NC for $79.25 million. Constructed in 1984 and renovated in 2016, Cameron SouthPark’s one- and two-bedroom apartment homes are housed in 26 three-story residential buildings on a low-density 35-acre site. Common area amenities include two resort-style swimming pools, each with an expansive sundeck with grills and outdoor kitchen; a large clubhouse with fitness center; sand volleyball, basketball and tennis courts; and dog ... Read more