Barsala, the tech-enabled flexible housing operator, will soon launch 42 apartment units at The Spire in Charlotte, North Carolina, through its second partnership with Kittle Property Group Inc.
Barsala will operate two garden-style apartment buildings at The Spire, converting 15% of the 288 units into high-end rentals to fulfill the growing need for short-term luxury housing in Charlotte. Barsala will have the units ready and launch their lease-up efforts beginning July 1, 2023.
“Charlotte is one of the fastest growing markets in the country, so we’re excited to launch The Spire and expand our relationship with Kittle Property Group,” said Jason Istrin, vice president of real estate at Barsala. “We are thrilled to launch in another demand-heavy market. The Spire is an especially great property due to its proximity to the Charlotte Motor Speedway, PNC Music Pavillion and the University of North Carolina at Charlotte.”
Charlotte is the 8th fastest-growing city in America, with robust expansion in its financial, dining and entertainment industries, the company said.
“Barsala brings a unique set of opportunities to the table for our lease-ups,” said Robyn Eaton, senior vice president of portfolio management and analysis at Kittle Property Group. “The additional occupancy early in the lease up brings energy and excitement to the property while offsetting vacancy and maximizing revenue. We’re looking forward to further cultivating the Kittle Property Group and Barsala relationship.”
The Spire will be the second property lease-up partnership between Barsala and The Kittle Group, following the June 2023 launch of 72 units in Aurora Luxury Apartments.
