Berkshire Group announced the purchase of Crescent Dilworth in Charlotte, North Carolina, from Crescent Communities. The 296-unit apartment community is located in the historic Dilworth neighborhood, which is adjacent to Uptown and home to Carolinas Medical Center.

This purchase is the final apartment community of a portfolio of properties Berkshire affiliates planned to acquire from Crescent in a pre-sale portfolio transaction. The portfolio consisted of approximately 1,700 units with properties located in major Southeastern U.S. markets.

“Dilworth marks the sixth Crescent community that Berkshire acquired upon completion, and we have tracked its progress since construction started,” stated Eric Draeger, Managing Director, Head of Transactions, Berkshire Group. “This was also a great opportunity to invest in Charlotte, which fits into our overall acquisitions strategy of choosing great product in carefully selected U.S. markets.”

Berkshire Dilworth is comprised of studio, one- and two-bedroom apartments with chef-inspired gourmet kitchens, modern hardware and fixtures, soaking tubs, walk-in showers with tile surrounds, and a first class common area amenity package.

An affiliate of Berkshire Group and TruAmerica Multifamily acquired Career Lofts, a 142-unit Class A apartment community in Laguna Niguel, California. The newly constructed complex will be rebranded as Skye at Laguna Niguel and will be managed by Berkshire Communities, the property management division of Berkshire Group.

“Berkshire is please to expand its presence in Southern California and is actively pursuing additional opportunities to grow in the region,” noted Eric Schrumpf, Senior Vice President, Multifamily Acquisitions, Berkshire Group. “The purchase of Skye at Laguna Niguel highlights our continued focus on investing in quality product in our targeted group of markets.”

Developed by United American Properties, Skye at Laguna Niguel amenities include a resort style pool and spa, rooftop lounge and resident social lounge, outdoor jogging path and bike maintenance station.

BOSTON-- Berkshire Group announced an affiliate of the company purchased a 264-unit Class A property in Fort Lauderdale, Florida, from The Related Group. Specific financial terms of the transactions were not disclosed. The property, which will be renamed Berkshire Lauderdale by the Sea, will be managed by Berkshire Communities, the property management subsidiary of Berkshire Group.

“The purchase of Berkshire Lauderdale by the Sea is indicative of our continued investment strategy in core properties in select target markets,” noted Jack Dent, Managing Director and Portfolio Manager at Berkshire Group. “Expanding into the Fort Lauderdale market also allows us to further diversify our portfolio.”

Completed in April 2015, the property features a fitness center, dedicated yoga area and treatment room, game room and club room. Apartment amenities include nine-foot ceilings, private balconies, granite countertops and stainless steel appliances.