Comstock Enters into Purchase Agreement for Charlotte Multifamily Property
Business Wire•02/11/2026•17:00 ET
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Key Highlights
- ➤Comstock agreed to acquire The Ascher, a 672-unit Class A property in Charlotte
- ➤Closing is expected in the fourth quarter of 2026
- ➤Comstock posted a $2.0 million contract deposit, credited at closing
- ➤The acquisition marks Comstock’s first multifamily purchase in North Carolina
- ➤Institutional partners typically provide 80-95% of IVP joint-venture equity
Expert Statements
Christopher Clemente, Chairman and Chief Executive Officer of Comstock
“The Ascher is a rare opportunity to acquire a value-add, commuter-friendly high-rise community in the heart of one of the strongest, most dynamic urban cores in the Southeast”
Christopher Clemente, Chairman and Chief Executive Officer of Comstock
“Our expansion into North Carolina underscores the strength of our IVP and extends our proven vertically integrated operating platform into a new, high-growth market, creating meaningful value for our strategic partners, residents, and shareholders.”
Comstock Enters into Purchase Agreement for Charlotte Multifamily Property
CHCI's first multifamily acquisition in North Carolina will be the third acquisition in 2026 under the Company's Institutional Venture Platform, following The Reed and Woodland Pointe
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