Velocis acquires first multi-housing asset, Beverley, in Charlotte
JLL Capital Markets closed the sale of the luxury apartments built in 2020
CHARLOTTE, January 19, 2021 – JLL Capital Markets announced today that it has closed the sale of Beverley, a 201-unit, five-story elevatored multi-housing property located in Charlotte, North Carolina.
JLL represented the seller, Proffitt Dixon, in completing the sale to the buyer, Velocis. This marks the first multi-housing acquisition by Velocis.
Built in 2020, Beverley consist of one- and two-bedroom floorplan options with luxury wood plank style flooring, designer kitchen packages, granite countertops, stainless steel appliances, oversized windows, spacious balconies and patios, among other high-end features. Community amenities also compliment the apartments’ luxury in-unit finishes including a resort-style saltwater pool and spa; deluxe clubhouse; rooftop deck with a private club exclusive to residents; fitness center with Peloton bikes and a yoga studio; and an outdoor grilling area with fire pits.
Beverley is centrally located within Charlotte’s premier suburban submarket, Ballantyne. Boasting blue chip employment, top area schools, upscale dining and shopping options, and proximity to SouthPark, South End and Uptown via I-485, residents experience the perfect balance of luxury and practicality.
The JLL Capital Markets team representing the seller was led by Andrea Howard, Allan Lynch, John Curin, Caylor Mark, and Jeff Glenn.
“Beverley represents the highest level of Class-AA apartment living in the Charlotte suburbs, coupled with an exceptional location in the heart of Ballantyne,” said Howard. “As evidenced by outstanding leasing momentum since opening, Proffitt Dixon crafted an immaculate community that perfectly caters to the area’s renter-by-choice cohort and will be an excellent first asset for the new Velocis multi-housing venture.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Proffitt Dixon
Proffitt Dixon Partners is a multifamily and self-storage investment and development firm with a focus on Class-A apartment communities. The firm is active in the Carolinas, Georgia and Tennessee and has closed transactions valued at more than $1 Billion since 2008.
Velocis is a private equity real estate investment firm, active in the acquisition, operation/management and disposition of commercial real estate in the United States. Additional information about Velocis can be found at velocis.com.