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Trei Real Estate to develop Charlotte, NC, apartment community for €58M

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Trei Real Estate to develop Charlotte, NC, apartment community for €58M

Trei Real Estate GmbH plans to develop a 359-apartment community in a suburb of Charlotte, N.C., with 32,670 leasable square meters, for €58.3 million.

The six-building development, on an approximately 60,700-square-meter plot in Matthews, N.C., is the German property developer's first U.S. residential project.

Construction began in December 2018, and completion is expected in early 2020.