PROPERTY DESCRIPTION

Alpha Mill Apartments is a 267-unit apartment property located in Charlotte, North Carolina. Developed by Crosland, LLC in 2007, Northwood acquired the 167-unit, stabilized portion (Phase I) of Alpha Mill in February 2012. In August 2012, Northwood acquired an adjacent land site that could accommodate an additional 100 apartment units, and Northwood’s residential affiliate, Northwood Ravin, began construction of the 100-unit Phase II of Alpha Mill in February 2013. Alpha Mill Phase II achieved final completion in May 2014, and the combined Phase I and Phase II components now operate as a single, 267-unit apartment property featuring studio, one-, and two-bedroom units with an average size of 840 square feet.

INVESTMENT PERIOD

February 2012 – June 2014