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Investment Details

Closing date
28-Mar-2018

Investment Summary

JEM Holdings purchased Emerald Bay apartments in March, 2018 in an off-market transaction as part of a 1031 exchange. Constructed in 1972, the 250-unit property in Charlotte, NC is located less than one mile from JEM-owned The Highlands Apartments near Archdale Drive, a major artery providing access to I-77.  Charlotte continues to be one of the strongest apartment markets in the Southeast, and this acquisition presents several value-add opportunities.

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