#United States #Charlotte #Taylor Farms #Thompson Thrift

Thompson Thrift Sets New Benchmark with Sale of Taylor Farms

Thompson Thrift, a leading name in the real estate sector, has recently sold a remarkable 276-unit multifamily community named Taylor Farms, located just twenty minutes from Uptown Charlotte, North Carolina. This strategic move marks another successful chapter in Thompson Thrift's commitment to high-quality real estate development.

Key Details of the Transaction

The sale was brokered by the proficient Northmarq team, consisting of industry professionals such as John Currin, Andrea Howard, Allan Lynch, Caylor Mark, Jeff Glenn, and Austin Jackson. The buyers, Mesa Capital Partners, are based in Atlanta, making this acquisition a noteworthy addition to their portfolio.

According to Josh Purvis, managing partner of Thompson Thrift Residential, “Taylor Farms was our first multifamily community in the Carolinas, and we capitalized on its prime location to introduce a high-quality option within one of the country’s hottest rental markets.”

Fast-Rising Charlotte Market

John Currin, Northmarq’s senior vice president, emphasized that Taylor Farms stood out during the competitive 2024 Charlotte marketing campaigns. Responsible for the property’s visibility was Thompson Thrift’s strong national reputation and the rapid economic growth in Northeast Charlotte.

Community Overview

Outfitted on 16-acres of prime real estate, Taylor Farms comprises eight three-story, garden-style buildings offering a range of modern apartment layouts that include one-, two-, and three-bedroom options. Residents benefit from well-appointed living spaces showcasing high-end finishes, including:

• - Gourmet bar-kitchens with quartz countertops.
• - Stainless-steel appliances along with smooth glass cooktop stoves.
• - Luxurious primary bedrooms with spacious walk-in closets and elegantly designed walk-in showers.
• - Full-size washers and dryers for added convenience.

Impressive Amenities

Additionally, residents can enjoy an array of resort-style amenities designed to enhance the living experience:

• - A professionally designed clubhouse featuring televisions, conference rooms, and technology centers.
• - A 24-hour fitness center equipped with state-of-the-art machinery and innovative Fitness On Demand™ virtual training kiosks.
• - A swimming pool with a relaxing hot tub and sundeck.
• - Designated entertainment areas alongside pet-friendly facilities, including bark parks and doggie spas.

Prime Location and Accessibility

Consistently regarded for its strategic placement, Taylor Farms is conveniently situated near the I-485/I-85 interchange, offering fast access to over 3,000 businesses in the northeast corridor. Additionally, residents benefit from nearby attractions such as the renowned PNC Music Pavilion and the internationally celebrated Charlotte Motor Speedway—both just minutes away.

This impressive investment demonstrates Thompson Thrift’s efficacy in aligning prime properties with significant market demands, further solidifying its status as a trailblazer in the real estate industry.

Equity for the development was secured through the Watermark 2021 Multifamily Development Fund III LP, a testament to the confidence investors place in Thompson Thrift’s operational strategy.

About Thompson Thrift

With over thirty years of experience, Thompson Thrift excels in commercial and mixed-use development across various regions including the Midwest, Southeast, and Southwest. Throughout its journey, the company has invested more than $6 billion into local communities. Their endeavors have earned them numerous accolades, including recognition as a 2023 Top Workplaces USA award winner. For more insights into their projects and mission, visit Thompson Thrift’s website.

As Thompson Thrift continues to enhance urban living spaces, it remains a trusted partner for exceptional development operations, blending quality and community-focused solutions.