Overview
- The purchase, completed Wednesday, closed for $76.3 million according to Mecklenburg County public records.
- Tishman Speyer acquired the asset through its $973 million TS Plus core‑plus fund, marking the firm’s first property in Charlotte and second in North Carolina.
- Berkshire Dilworth is a 2016‑built, 296‑unit community that is roughly 97% occupied and includes a fitness center, pool, rooftop lounge, pet spa, EV charging and 3,000 square feet of street‑level retail.
- The seller, Boston‑based Berkshire Residential Investments, bought the property in 2019 for about $83 million, showing a lower 2026 sale price at the individual asset level.
- Local market data show steady renter demand but near‑term rent pressure and a large multifamily pipeline, factors that help explain Tishman’s plan to invest in exterior, amenity and select unit upgrades to drive performance.