Dome Equities, LLC today announced the acquisition of Matthews Crossing.
Matthews Crossing is a 460-unit, Class B+ apartment community built in two phases in 1988 and 2000 in Charlotte, NC. The property is located southeast of Charlotte just outside the City of Matthews on a 33+ acre site with frontage on Independence Blvd (US-74). Independence Blvd serves as the primary thoroughfare linking the town of Matthews, three miles to the south of the Property, and the Charlotte Central Business District, seven miles to the north. The traffic count along Independence Blvd is significant at 64,500 cars per day. The location allows residents easy access to the metro’s main employment drivers including the Central Business District, University area, and Ballantyne. Local shopping and amenities are within close proximity including big box retail and grocery, the cinema, and Novant Health Medical Matthews Center.
Dome’s apartment portfolio of 30 properties totals nearly $1.3 Billion.