Belay Investment Group (“Belay”) announced today that they recently invested into Grubb Properties’ Link Apartments℠ Mint Street apartment development. Link Apartments℠ Mint Street will be a seven-story, 259-unit apartment project under Grubb Properties’ Link Apartments℠ brand at South Mint and West Palmer streets in the Gold District neighborhood of Charlotte, North Carolina. Grubb Properties (“Grubb”) purchased the land in mid-2020, has since completed site work, and is now in the early stages of construction. Link Apartments℠ Mint Street will be highly amenitized and include a club room, co-working space, a bicycle storage room, fitness center and yoga room, two courtyards, a pool deck, grilling station, fire pits, pet spa, pet run, and rooftop lounge. The project is expected to be completed in late 2022.
“Link Mint Street is a timely offering given the potent economic development taking place in Charlotte, and we’re excited to be working with Grubb to meet the South End’s rising demand with affordable, high quality, user friendly living space” said Eliza Bailey, Belay’s Managing Principal in charge of Investment and Asset Management activity.
“Our Link Apartments℠ brand is focused on providing essential housing in connected neighborhoods near entertainment, job centers, and transportation options,” said Todd Williams, chief investment officer at Grubb Properties. “We are pleased to continue our strong relationship with Belay on this project.”
The Link Apartments℠ Mint Street development marks Belay’s third investment between Belay and Grubb through their programmatic joint venture, Belay Fund II Grubb PJV, LLC.
About Grubb Properties
Grubb Properties, founded in 1963, is a vertically integrated real estate fund manager focused on the Essential Housing space through its Link Apartments brand. The company targets residents earning between 60% and 140% of area median income (AMI), directly addressing a growing crisis for essential housing, while providing residents with exceptional living spaces. Grubb Properties maintains a long-term perspective and its careful and measured approach to real estate investment has delivered resilient and impressive returns. Grubb Properties has received numerous sustainability designations and recognitions, and undergoes annual ESG assessments through GRESB. For more information, visit grubbproperties.com.
Grubb Properties’ CEO Clay Grubb is the author of the book “Creating the Urban Dream: Tackling the Affordable Housing Crisis with Compassion.
Grubb Properties has not received or provided any cash or any non-cash compensation in exchange for the statements made in this press release. As a result of Belay’s investment into Link Apartments℠ Mint Street, Grubb Properties and its personnel have an incentive to make positive statements about Belay and the Link Apartments℠ Mint Street apartment development.