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background-Briley apartments

  • Acquired

    October 2021

  • Vintage

    2021

  • Size

    16,211

    sq m

  • Sector

    Multifamily

  • Location

    Charlotte, North Carolina

Briley apartments

Front corner view of building

U.S. Cities Multifamily acquired Briley apartments, Class A, 359 unit, mid-rise, property located in Matthews, NC within the Matthews/Southeast Charlotte submarket of the Charlotte MSA. Briley is part of a 45-acre mixed-use development which will be an entertainment and sports hub in the Town of Matthews.

The Property offers convenient access to major employment hubs including Ballantyne (12 miles) and Upton Charlotte (12 miles). The property is situated half a mile from Independence Boulevard and just over a mile from the I-485 interchange. MSA median household income is $69,224, average rent is 94% of rents adjusted for AMI.

The newer vintage of the Property offers attractive and modern amenities that middle-income renters are seeking when looking for places to reside and offers families highly rated schools. Matthews is a growing suburb with some of the top public schools in the Charlotte MSA.

Strong demographics, schools, population growth, easy accessibility to employment and the expansion of the LYNX silver line into the Matthews submarket will position Briley Apartments to provide the multifamily with strong returns over the long term.

Property images

Briley Apartments Swimming Pool Briley Apartments Model
Contact
Justin Felix
Justin Felix
Assistant Portfolio Manager
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