Trinity Private Equity Group has partnered with S2 Capital to acquire and renovate two multifamily communities in Charlotte, North Carolina. River Birch Apartments is a garden-style apartment community with 394 units, 210 of which are 1983-vintage while the remaining 184 units were constructed in 2002.
Park Lane Apartments is a 60-unit, garden-style, 1999-vintage apartment community. The two assets are adjacent to each other and will be operated as one property.
Trinity provided $25.17 million in equity capital for the transaction.