Sherman Residential Returns to Charlotte's Multifamily Market with a 348-unit Acquisition

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Oct 09, 2025, 07:07 ET

CHARLOTTE, N.C., Oct. 9, 2025 /PRNewswire/ -- Sherman Residential has proudly acquired Elan Research Park, a Class A multifamily property in Charlotte, North Carolina, and renamed it Axis at the Park.

Axis @ The Park is a 348-unit luxury apartment community built in 2023 located in a dynamic suburban location. The asset sits outside of the University (UNC Charlotte) submarket and at the footsteps of Research Park, which has 11 million square feet of office space that includes Wells Fargo, Vanguard, TIAA and Atrium health.

Elan Research Park Renamed to Axis at the Park under New Ownership by Sherman Residential

Axis at the Park's Cabana-lined, Resort-style Pool

Axis at the Park's Lap Lane Swimming Pool

Axis at the Park Tree Canopy," to "Axis at the Park's Tree Canopy

Axis at the Park's 24-Hour Flex Workspaces

Axis at the Park Luxury Apartments in Charlotte, NC

Sherman Residential Returns to Charlotte’s Multifamily Market with a 348-unit Acquisition

Axis at the Park's garden-style property and its resident-focused amenities deliver:

Studio to three-bedroom apartments reaching nearly 1,500 square feet;
Two-story townhomes with attached garages;
Luxury finishes, such as quartz countertops and matte black fixtures;
Unique amenities for the area, including a pickleball court, two gated dog parks, and a resort-style swimming pool with designated lap lanes;
Modern spaces available for work and study with both private offices and group work booths;
An urban oasis with multiple outdoor lounges, fireplaces, and green spaces along the tree line; and
Conveniences like three Level 2 EV chargers, in-unit washers and dryers, 24-hour fitness center and flex workspaces, and private garages.

On September 29, 2025, Sherman Residential purchased the property. Its Vice President stated:

We're excited to return to North Carolina after the successful sale of a Charlotte asset earlier this year. Axis at the Park's modern design and desirable submarket will make it a great addition to the Sherman portfolio.

With a dedicated team, they look forward to creating a strong sense of community for their current and future residents.

Sherman Residential has been in the real estate business for over 100 years and currently owns assets in five states. The family-owned company is headquartered in north suburban Chicago. To learn more about its current holdings and investment opportunities, visit shermanresidential.com.

To see the difference Sherman is bringing to Axis at the Park and the Charlotte multifamily market, schedule a tour of the property or learn more at axisatthepark.com.

About Sherman Residential: Sherman Residential, a division of Benj. E. Sherman & Sons, Inc. (BES), is a Chicago-based real estate firm that focuses on apartment ownership across the United States. They are best known for their commitment to maintaining beautiful apartment communities service and outstanding investment opportunities that have generated excellent annual investor returns since 1990. Learn more at shermanresidential.com.

SOURCE Sherman Residential