Goldman Sachs, Lansing Melbourne to sell Metro Charlotte apartment complex for $ 59 million
KANNAPOLIS, NC – Goldman Sachs and the Lansing Melbourne Group have sold Vida Kannapolis, a 289-unit residential complex in Kannapolis, approximately 25 miles north of Charlotte. Denholtz Properties, headquartered in Red Bank, New Jersey, bought the recently delivered property for $ 59 million, or about $ 204,152 per unit.
Located at 210 S. Main St. in downtown Kannapolis, Vida Kannapolis is a five-story complex that offers studio, one-, two-, and three-bedroom floor plans. The property, built in March 2021, has 300,000 square meters of four-star, medium-height rental apartments. Units have stainless steel appliances, washers and dryers, and walk-in closets. Communal facilities include a fitness center, pool, parking garage, game room, barbecue, pet play area, rooftop terrace, elevator and bicycle storage room. Monthly rent ranges from $ 1,455 to $ 1,895, according to Apartments.com.
Goldman Sachs teamed up with Fort Lauderdale-based development company Lansing Melbourne Group and the city of Kannapolis to build the property. Jonathan Brody from Rosewood Realty Group represented the buyer, Denholtz Properties and Jacob Vogel from Rosewood Realty Group represented the sellers on the transaction.