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Geller Associates Buys $23M Charlotte Apartments

October 10, 2018 / IvyLee Rosario

Geller Associates has acquired the Fields at Archdale, a garden-style apartment community in Charlotte, N.C., for $22.6 million. The firm purchased the property from Elite Street Capital. Hunt Real Estate Capital provided an $18.3 million Fannie Mae DUS loan to finance the acquisition. The 12-year loan bears interest at a rate of 4.56 percent per annum, due on June 1, 2030, according to Yardi Matrix.