New York-based Mascia Development, a national real estate development and investment firm, has bought The Pines on Wendover, a 44-unit multifamily apartment complex.
The company paid $2.6 million for the property on Wendover Road in the Cotsold/Eastover area. It is the company's first Charlotte acquisition. Mascia Development partnered with two local developers on the deal, Thomas Real Estate Investments and Beauwright Development.
Built in 1986, the complex currently is 100 percent occupied.