Lone Star Funds has divested a 201-unit multifamily and retail property in Asheville, North Carolina, capitalizing on favorable market conditions to optimize their portfolio.
Information on the Target
Lone Star Funds has successfully completed the sale of a 201-unit multifamily and retail property located in Asheville, North Carolina. This property has been an integral part of Lone Star's portfolio, offering both residential and commercial spaces within a vibrant community setting.
The deal highlights Lone Star's strategy of optimizing their investment portfolio by divesting from properties that have reached their maximum value potential. The Asheville property is well situated in a growing market, making it an attractive investment for prospective buyers.
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Industry Overview in North Carolina
North Carolina's real estate market has shown significant resilience and growth in recent years. As one of the fastest-growing states in the United States, the demand for both residential and commerc
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Lone Star Funds
invested in
novobanco
in 2025
in a Other Private Equity deal