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CBRE Global Investors pays $190M for Charlotte, NC, apartment towers

CBRE Group Inc. affiliate CBRE Global Investors Inc. paid $190 million for two apartment towers in the Fourth Ward neighborhood of Charlotte, N.C., the Charlotte Business Journal reported, citing Mecklenburg County real estate records.

The deal for the 672-unit SkyHouse Uptown project, which contains two 24-story towers, closed in late 2018, according to the Jan. 8 report.

The project's developers included Novare Group, Batson-Cook Development Co. and Grubb Properties.

The deal translates to more than $280,000 per unit. The property's North Tower fetched $93.1 million, and the South Tower sold for $96.9 million, the report added, citing the records.