(Originally published in Multi-Housing News) Goodegg Investments and Mesos Capital have partnered once again, this time acquiring a 248-unit community in North Carolina. The two companies jointly acquired Waterleaf at Leland in Leland, N.C., for an undisclosed price. According to Yardi Matrix data, the seller was Graycliff Capital.
Graycliff recently completed Waterleaf at Leland in April 2021 after first acquiring the land in November 2019. The newly-built Class A community offers studio, one-, two- and three-bedroom units that range from 626 to 1,243 square feet. The units were built with 9-foot ceilings, private porches and have private garages available. Residents also get access to Waterleaf at Leland’s saltwater pool, outdoor fireplace, clubhouse, coffee bar, fitness center, pickleball court, business center, car wash, dog park, community bike and kayak barn, and valet trash. Annie Dickerson, COO of Goodegg, told Multi-Housing News that the community is 100 percent pre-leased and 96 percent occupied.
Located at 7410 Cordoba Circle, Waterleaf at Leland has a roughly 10-mile commute to downtown Wilmington. The property is also located within the master-planned Westgate community that includes other residential developments. Dickerson said in prepared remarks that the Leland submarket and the surrounding greater Wilmington metro showed strong population growth, job growth, job diversity and a better quality of life.
