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TPEG FUNDS ACQUISITION OF TWO MULTIFAMILY COMMUNITIES IN CHARLOTTE, NC


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.