Charlotte, NC – April 14, 2025 – StoneBridge, a real estate investment firm based in Washington, D.C., has purchased Metro University City Apartments in Charlotte’s University City area. The company plans to reposition the property and has renamed it Thrive University City.
“Charlotte’s strong population growth and job market make it an appealing place to invest,” said Will Bateman, managing director, StoneBridge. “Thrive University City is located in a dynamic pocket with easy access to Charlotte’s largest employment hubs. Demand from renters remains high, and as we come off a period of elevated apartment supply over the last few years, we believe the property is well-positioned to outperform going forward.”
StoneBridge intends to carry out a phased renovation of Thrive University City. Plans include exterior painting, modernizing apartment interiors, improving common areas, and adding updated fitness and recreation facilities.
“The University City area has strong growth potential due to its proximity to major employers, public transportation, and the University of North Carolina at Charlotte,” said Kees Bruggen, partner, StoneBridge. “Our goal is to enhance the property to offer residents an improved lifestyle and build a strong sense of community.”
Located near shopping, restaurants, and transit, Thrive University City aims to serve a wide range of residents seeking convenience and quality living.
This acquisition and renovation project reflects StoneBridge’s focus on investing in growing markets and making improvements that benefit residents and the local community.
About StoneBridge
StoneBridge Investments is a privately held investment company focused exclusively on the multifamily market. We are experienced, hands-on, entrepreneurial investors involved in all aspects of our projects from end to end. We share a passion for real estate and a core desire to create excellent living environments for all our residents. For more information, visit www.stonebridgeinvestments.com.gpotoday.nl.