Sherman Residential Makes its Triumphant Return to Charlotte's Multifamily Market with 348-Unit Acquisition

Sherman Residential Makes a Splash in Charlotte Real Estate



On October 9, 2025, Sherman Residential confirmed its return to Charlotte's multifamily housing sector with the acquisition of Elan Research Park, a premier property now renamed Axis at the Park. This property comprises 348 luxurious apartment units and is strategically located in a vibrant suburban area close to the University of North Carolina at Charlotte and Research Park, home to 11 million square feet of office space distributed among major corporations such as Wells Fargo, Vanguard, and Atrium Health.

Axis at the Park

A Modern Living Experience



The newly acquired Axis at the Park offers residents an array of options from studio apartments to three-bedroom units, some reaching up to nearly 1,500 square feet. Additionally, the community features elegant two-story townhomes that come with attached garages, showcasing upscale finishes including quartz countertops and matte black fixtures.

Unique amenities available to residents include:
  • - A pickleball court for active lifestyle enthusiasts.
  • - Two gated dog parks for pet owners.
  • - A luxurious swimming pool with lap lanes designed for fitness-conscious individuals.
  • - Multiple outdoor lounges, fireplaces, and green spaces tightly integrated along the property’s tree line, creating an oasis for relaxation.
  • - A 24-hour clubhouse and a range of flex workspaces equipped for both private and collaborative work.

Additionally, the community is well-equipped with conveniences such as three Level 2 electric vehicle chargers, in-unit washers and dryers, a 24-hour fitness center, flex workspaces, and secure private garages.

Excitement for North Carolina



As stated by a Sherman Residential Vice President, “We’re excited to return to North Carolina after the successful sale of a Charlotte asset earlier this year. Axis at the Park’s modern design and its highly desirable submarket will make it a wonderful addition to the Sherman portfolio.” The firm is optimistic about creating a thriving sense of community for both current and prospective residents.

The company, established over a century ago, has grown to own properties across five states and is headquartered in north suburban Chicago. For more information on its holdings and prospective investment opportunities, residents and interested investors can visit shermanresidential.com and axisatthepark.com for touring details and property insight.

About Sherman Residential



Sherman Residential, a division of Benj. E. Sherman & Sons, Inc. (BES), stands out in the real estate industry for its commitment to quality apartment ownership across the United States. Renowned for maintaining beautiful communities and providing excellent service, Sherman Residential has consistently delivered outstanding returns for investors since 1990.

By choosing to return to Charlotte with the acquisition of Axis at the Park, Sherman Residential is poised to elevate the standards of multifamily living in the area and reinstate their presence in a thriving real estate market.

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