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Joint Venture Pays $79.25 Million for SouthPark Apartment Complex

Deal Marks Magma Equities' First Investment in Charlotte
Cameron SouthPark was built in 1984 and renovated in 2016. (CoStar)
Cameron SouthPark was built in 1984 and renovated in 2016. (CoStar)
By Philip Mugrage
CoStar Research
January 5, 2022 | 10:33 P.M.

A joint venture between Magma Equities and funds managed by Franklin Templeton has purchased Cameron SouthPark, a 309-unit apartment complex in Charlotte, North Carolina, for $79.25 million.

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