Local developers were bullish on the future of Charlotte’s apartment market at Bisnow’s Tuesday morning panel discussion on multifamily communities in Charlotte. Dubbed “New Development and Rezoning for the Future: Charlotte’s Multifamily Boom,” the breakfast at The Westin had more ...

Tagged with: ben collins Bisnow Crescent Communities Debra Campbell Ginkgo Residential John Porter Phil Payne Selwyn Property Group Steve McClure Terwilliger pappas

CHARLOTTE – Charlotte-based Charter Properties Inc. just completed the sale of three area apartment complexes with 800-plus units to an Atlanta real estate company for $96 million. John Porter, senior vice president at Charter Properties, said his company sold the ...

Tagged with: John Porter

Whether it’s Class A apartments, value-added properties or workforce housing, the Queen City’s apartment market is expected to remain strong in the foreseeable future. Five apartment industry leaders said so on a panel Tuesday morning at Bisnow’s third annual Multifamily Summit held in a ballroom at the Omni Hotel in uptown Charlotte.

Tagged with: Charter Properties Ginkgo Residential Grubb Properties John Porter Phil Payne Terwilliger pappas Todd Williams

Bisnow on Sept. 24 is hosting its third annual Charlotte Multifamily Summit, a panel discussion on the state of the area multifamily market, at the Omni Charlotte Hotel, at 132 E. Trade St. in uptown.

Tagged with: Bisnow Charter Properties John Porter Phil Payne Terwilliger pappas

It’s a lot of apartments. There are 7,000 units planned for the Charlotte area, mostly for the area north of the city. More than 1,000 units are under construction, and it’s no wonder why developers are salivating over apartments: Now’s a good time to be in the rental business, thanks to tougher lending practices that make it harder for people to buy homes and a major dip in confidence in owning brought about by the housing market’s collapse.

Tagged with: Apartments John Porter Real Data Steve McClure

John Porter thinks he hit the jackpot with the site for his Longview apartment project on Reames Road in Charlotte. Porter, senior vice president and partner at Charlotte-based Charter Properties, said the site for the 264-unit development is an epicenter ...

Tagged with: Charles Dalton Charter Properties John Porter

When Mecklenburg County’s assessor’s office releases its 2011 revaluation of commercial properties in March, apartment owners may be surprised at how little their properties have increased in value since the last revaluation in 2003. Chuck Hicks, the county’s revaluation manager, ...

Tagged with: Charter Properties Chuck Hicks Greater Charlotte Apartment Association John Porter Ken Szymanski