Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of Poplin Trace, a 99-unit, townhome property in Indian Trail, North Carolina constructed in 2021. Managing Director Caleb Troop and Associate Director Matt Robertson of Berkadia Charlotte and Senior Managing Director Mark Forrester and Managing Director Andrew Curtis of Berkadia Phoenix led the transaction on behalf of the seller, Arizona-based Belleview.

Poplin Trace sold to an undisclosed buyer on April 22. The property was 93% occupied at the time of the sale.     

“We continue to see a strong appetite from institutional capital for well-located build-to-rent communities across the Charlotte market,” Troop said.

Located at 857 Tyler Matthew Lane, the property affords convenient access to major highways including US-74, I-485, and US-601. Poplin Trace offers three-bedroom townhomes with 2.5 baths and attached two-car garages. Residents benefit from modern features like direct access garages and energy-efficient appliances. Each home is equipped with vinyl plank flooring, granite countertops, and a 5-burner gas range.