Family office, Geller Associates, buys 104-unit Charlotte-area, Cedar Ridge Apartments, for $13.5M ($129,808/unit) from Gindi Equities

9/17/2024

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Multifamily Dive

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

In 2021, New York City-based investment manager Gindi Equities bought Cedar Ridge Apartments, a 104-unit multifamily community in Gastonia, North Carolina, for $10 million. Gindi liked the property’s location — 30 minutes from uptown Charlotte, North Carolina, and the Charlotte International Airport — and its mix of two- and three-bedroom units.

Geller Associates

Adam Geller | President

[email protected]

973-971-0400

Gindi Equities

Alec Raggio | Head of Acquisitions & Asset Management

[email protected]

212-235-6305