Northmarq’s Carolinas Multifamily Investment Sales team completes sale of Avalon at Palisades apartments

CHARLOTTE, N.C. — Northmarq’s Charlotte Multifamily Investment Sales team led by Andrea Howard, Caylor Mark, Allan Lynch, John Currin, Jeff Glenn, and Austin Jackson successfully completed the sale of Avalon at Palisades, a 274-unit garden apartment community located at 15902 White St. in Charlotte, North Carolina.

Northmarq represented the seller, Actus Capital. The buyer was AvalonBay Communities Inc.

“The sale of Avalon at Palisades reflects the enduring demand for premium multifamily assets in Charlotte,” Mark said. “The property’s strong performance, coveted lifestyle location near Lake Wylie, attractive deal size, and the stewardship of Actus Capital made it a standout opportunity for investors. We look forward to seeing this asset continue to thrive under AvalonBay’s ownership.”

Built in 2020, Avalon at Palisades features one-, two- and three-bedroom units with granite countertops, walk-in closets, in-unit washer/dryer, stainless steel appliances and a balcony or patio in select homes.

Community amenities include parking, a saltwater pool, fitness center, package acceptance, a lounge with fireplace and entertaining kitchenette, courtyard with fire pit and grill station, work lounge, outdoor game area, and parking with EV charging available.

Avalon at Palisades boast convenient access to State Hwy 49 and NC-160. It is 16 miles from Charlotte Douglas International Airport and is roughly 18 miles Southwest of Uptown Charlotte.