EquityMultiple Announces Successful Funding of Multifamily Development in Charlotte
-
Basil Tuma Scores First Senior Goal as Malta Draws with Ten-Man Eswatini
-
RSC’s ‘Julius Caesar’ Reimagined in Women’s Prison Setting for School Tour
-
Rock & Roll Hall of Fame Inductees Announced; Attendance List Shrinks
-
Thomson Reuters Integrates CUBE Regulatory Intelligence into CoCounsel Legal
-
How Families Plan and Save for Holiday Travel
-
Below Deck alumnus João Franco and brother arrested after fatal Turkey fight
-
Ole Miss inquiry expands after video and monkey-noise allegations
-
Thousands of Urban Homes Left Without High-Speed Internet Due to Broadband Blackspots
-
General Hospital actor Randall England dies at 75
-
Bunnie XO artwork taken down from Jelly Roll’s Nashville bar
-
London museum removes Russell Brand hair exhibit after rape conviction
-
Arlington sentinel rebukes Pete Hegseth entourage for laughter near memorial
-
Yella Beezy sentenced to life for arranging rapper Mo3’s murder
-
Kylie Jenner employee describes closet ordeal and pepper-spray incident
-
Authorities to identify Montauk Mary and five other Long Island cold-case victims
-
Davante Adams injury deepens Los Angeles Rams receiver shortage
-
Barbie sequel negotiations stall over reported $25 million pay packages
-
João Franco’s earlier post draws attention after arrest over fatal Turkey brawl
-
Bath & Body Works launches buy-one-get-one-free candle offer
-
Alberta Launches $5M Fund for Women’s Neurology Research to Address Gender Gaps
-
Itlu Arjuna receives U/A certificate ahead of theatrical release
-
Dhananjaya de Silva guides Sri Lanka to 221-4 against Pakistan
-
Niraj Kumar earns Los Angeles Olympic quota with 50m rifle bronze
-
Delhi gold loses Rs 800 while silver falls Rs 5,000
-
India extends micro-credit guarantee plan for five years
-
Madlanga Commission Deadline Extended to 2027 Amid Calls for Structural Justice Reform
-
Pradeep Antony, Smeha Manimegalai portray secret spouses in Mr & Mrs Office
-
Zelenskyy arrives in Dublin for meetings on Ukraine and peace efforts
-
Woman barred from every Greggs outlet after series of offences
-
Jury hears social-media image helped identify teen in Scarlett Faulkner case
-
Ketchup packets link suspect to break-in at Eddie Rocket’s restaurant
-
American Airlines passenger falls ill and vomits on three travellers
-
US Adds 165,000 Jobs as Unemployment Falls to 4.1%
-
US Inflation Broadens as Fed Officials Consider Faster Rate Hikes
-
China's Singles' Day Exposes Persistent Consumer Caution
-
China's Trade Surplus Passes $1 Trillion as Technology Exports Surge
-
OPEC Says Oil Output Is Near Prewar Levels Despite Shipping Disruptions
-
Energy Costs Push OECD Inflation Up to 4.5%
-
Bank of England Raises Interest Rate to 4% as Energy Risks Intensify
-
China's Factory Inflation Accelerates While Consumer Demand Stays Weak
-
Euro-Area Inflation Reaches 4% as Energy Prices Jump
-
Spain's General Strike Links Housing Crisis to Lost Purchasing Power
-
Irish police prepare for further hoax bomb threats after hundreds of schools targeted
-
Korea, Singapore and New Zealand Advance Green Trade Pact Talks
-
RBA Inflation Target Origins: Why Australia Chose a Range Over Zero
-
Ireland and Ukraine consider drone cooperation memorandum after Dublin talks
EquityMultiple Announces Successful Funding of Multifamily Development in Charlotte
NEW YORK CITY, NY / ACCESS Newswire / June 3, 2025 / EquityMultiple, a leading real estate investment platform for accredited investors, recently closed a $3 million co-GP equity investment in the development of Poindexter Southend, a 263-unit Class A multifamily and mixed-use property in the South End neighborhood of Charlotte, North Carolina. Led by seasoned Sponsor Avery Hall Investments, the project will deliver a luxury eight-story residential building with 1,200 square feet of retail, surrounded by vibrant nightlife, retail, and transit access.
The investment took nine days to fund, and is one of the fastest-funded investments in EquityMultiple's decade-long history. "The strength and experience of the Sponsor coupled with the attractive going-in basis in a great infill location all contributed to the success and speed of the raise," said Marious Sjulsen, EquityMultiple's CIO. "The site is shovel-ready, and construction is expected to begin as soon as the loan closes. We are excited to be part of this project with such a strong team."
The Poindexter Southend project represents an especially timely opportunity for investors. Charlotte remains one of the premier migration destinations in the U.S., with population growth twice the national average since 2010. The city also ranked #2 in U-Haul's 2024 Migration Report, with an estimated 117 new residents per day, fueling continued housing demand. In the South End of Charlotte, where Poindexter Southend is located, this demand is concentrated among renters seeking walkable, amenity-rich neighborhoods with access to transit and employment hubs. Moreover, as an asset class, multifamily has seen a "flight to quality" after the rapid increase in rents post-COVID.
Since its inception in 2015, and aided by its strategic partnership with Marcus & Millichap beginning in 2023, EquityMultiple has developed a targeted, institutional approach to the real estate crowdfunding concept. Through its nationwide network of over 60,000 self-directed investors, EquityMultiple has provided financing for hundreds of commercial real estate transactions, including Poindexter Southend, and distributes a comprehensive track record to investors containing metrics on all investments dating back to 2015. This year, the platform was selected as the "Best Real Estate Crowdfunding Site for Transparency" by Investopedia. Through its subsidiary EM Investment Partners (EMIP), EquityMultiple has also provided flexible capital markets solutions to dozens of sponsors and operators across the U.S. in various forms: JV equity (LP and co-GP); senior debt; mezzanine and subordinate debt; and preferred equity. The Poindexter Southend project is EquityMultiple's first collaboration with Avery Hall Investments.
About EquityMultiple
EquityMultiple's mission is to guide investors toward a stronger, more diversified portfolio. EquityMultiple brings accredited investors curated real estate private equity and private credit opportunities, broadening and streamlining access to CRE. Founded in 2015, EquityMultiple has completed 250 transactions totaling over $21 billion in total capitalization across 142 markets nationwide. For more information, visit equitymultiple.com
Contact Information
Daniel Brereton
[email protected]
+16468449918
SOURCE: Equity Multiple Inc
View the original press release on ACCESS Newswire
L.Mason--AMWN