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New York Firm Closes on One of Charlotte’s Largest Apartment Deals During Pandemic

Dermot Pays Over $75 Million for 426-Unit Addison Park Apartments

Addison Park, a 426-unit apartment complex in Charlotte, North Carolina, was built in 1999 and offers a mix of one-, two- and three-bedroom floorplans. (CoStar)
Addison Park, a 426-unit apartment complex in Charlotte, North Carolina, was built in 1999 and offers a mix of one-, two- and three-bedroom floorplans. (CoStar)

The Dermot Co. paid $75.5 million for the 426-unit Addison Park apartment complex in Charlotte, North Carolina, which ranks as one of the area's priciest multifamily transactions since the onset of the coronavirus pandemic.

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