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Penzance expands mid-Atlantic holdings to Charlotte with multifamily deal

DC firm partners with TriWest to acquire 380-unit Stoney Trace in Mint Hill
The 380-unit Stoney Trace was built in 1990 about 10 miles southeast of uptown Charlotte. (CoStar)
The 380-unit Stoney Trace was built in 1990 about 10 miles southeast of uptown Charlotte. (CoStar)
By CoStar News Staff
February 3, 2025 | 7:41 P.M.

Penzance is expanding its mid-Atlantic holdings to Charlotte, North Carolina, with the purchase of an apartment complex just outside the city.

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