We are pleased to announce that Argosy Real Estate Partners, in partnership with Canvas Residential and Collett Capital, has acquired a fully-entitled land site for the development of Oak Lake Townhomes (“Oak Lake”), a single family build-for-rent community totaling 140 townhomes.  Oak Lake is located just north of the I-485 interchange in the Mountain Island submarket of northwest Charlotte, NC.

Oak Lake will offer two three-bedroom floorplans and one four-bedroom floorplan. All units will have either a one- or two-car attached garage and select units will feature master bedrooms on the first floor.  Interior finishes will feature open floorplans, 9-foot ceilings, vinyl-plank flooring, shaker cabinets, and stainless-steel appliances.  Units at Oak Lake will average 1,576 sf and the community will feature onsite amenities consistent with Class-A multifamily properties in the region including a clubhouse, fitness center, outdoor pool, a dog park, and walking trails.

Argosy’s development partner is a partnership between Charlotte-based Canvas Residential (“Canvas”), a real estate investment company that specializes in single family build-for-rent and multifamily development across the Southeast, and Collett Capital (“Collett”), a private real estate development and investment firm.  Oak Lake is Argosy’s second investment in partnership with Canvas and Collett.