Goldman Sachs and Lansing Melbourne sell Metro Charlotte apartment community for $ 59 million

Located at 210 S. Main St. in downtown Kannapolis, Vida Kannapolis is a five story resort that offers studio, one, two, and three bedroom floor plans.

KANNAPOLIS, NC – Goldman Sachs and Lansing Melbourne Group have sold Vida Kannapolis, a 289-unit apartment community in Kannapolis, approximately 25.9 miles north of Charlotte. Denholtz Properties, based in Red Bank, New Jersey, purchased 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 resort that offers studio, one, two, and three bedroom floor plans. Built in March 2021, the property features 300,000 square feet of four-star mid-rise rental apartments. Units have stainless steel appliances, washers and dryers, and walk-in closets. Community amenities include a fitness center, swimming pool, indoor parking, game room, barbecue, pet play area, rooftop terrace, lift and bicycle storage. The monthly rent ranges from $ 1,455 to $ 1,895, depending on Apartments.com.

Goldman Sachs partnered with Fort Lauderdale-based development firm Lansing Melbourne Group and the town of Kannapolis to build the property. Jonathan Brody of Rosewood Realty Group represented the buyer, Denholtz Properties, and Jacob Vogel of Rosewood Realty Group represented the sellers in the transaction.


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