Comstock to acquire 672-unit Charlotte complex in $2M-deposit deal

- Comstock (CHCI) announced Monday that it agreed to acquire The Ascher, a 672-unit multifamily property in Uptown Charlotte, North Carolina.
- The deal is expected to close in the fourth quarter of 2026.
- The property includes two 24-story residential towers, about 13K square feet of retail space, and more than 900 parking spaces.
- The acquisition will be made through Comstock’s Institutional Venture Platform, with institutional partners providing most of the equity. Comstock expects to retain a minority stake and earn management fees.
- The company has placed a $2M deposit and plans to upgrade the property.
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Source: seekingalpha.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.