For Immediate Release: New York, NY, (May 21, 2024) – SkyREM is pleased to announce the successful sale of Fern Forest Apartments, a 184-unit apartment community located in Gastonia (Charlotte), NC. SkyREM purchased the asset in 2015, improving the property through multiple capital improvement projects to significantly increase value.
“We believed it was the opportune time to exit this property due to strong market characteristics and demand for smaller multi-family properties,” said Marc Civitillo, Managing Director at SkyREM. “The sale of Fern Forest, along with the sale of a substantial portfolio in the region, allows us to concentrate on our business of investing in larger mission critical assets throughout the United States”.
Ben Bury and Ryan Gavigan of JLL’s Multi-Family Capital Markets team in Charlotte represented SkyREM on the sale of the property.
===============
About SkyREM, LLC
SkyREM, with offices in Philadelphia and in New York City, is a privately funded and managed real estate company which owns and operates a large, diversified portfolio of properties in the United States. As a principal for its own account, Sky is actively acquiring throughout the United States. To learn more about SkyREM please contact Marc Civitillo or James Pancetti at 212-888-6920, or visit www.skyrem.com.
