Sherman Residential Grows Its Charlotte Multifamily Portfolio by Acquiring The Wrenley

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ed933a1ae7c0e369a6219b63553ec1fc Sherman Residential Expands Charlotte Multifamily Portfolio with the Acquisition of The Wrenley

CHARLOTTE, N.C., Feb. 4, 2026 — Sherman Residential has taken pride in acquiring Elan Prosperity Village, a Class A multifamily property in Charlotte, NC, and has renamed it The Wrenley.

The Wrenley | Luxury Apartments in North Charlotte, NC

The Wrenley is a luxury apartment community with 300 units, located right in the middle of the fast – growing Prosperity Village submarket in Charlotte. Being situated just off Interstate 485, this property offers excellent connectivity to major employment hubs. Residents can access more than 300,000 jobs within a 20 – minute drive, including those in Uptown Charlotte, University Research Park, and the Concord industrial corridor.  With the newly added Vanguard campus in University Research Park, it will only take The Wrenley’s residents five minutes to drive to top employers like Vanguard, Allstate, TIAA, and Wells Fargo.

In the Prosperity Church Road neighborhood, The Wrenley offers easily accessible retail stores and restaurants at three major shopping centers. Students can enroll in Charlotte – Mecklenburg public schools, and there are ten magnet schools within five miles. Additionally, the main campus of the University of North Carolina is just one neighborhood away.

The midrise property of The Wrenley and its amenities centered around residents offer the following:

  • Studios to two – bedroom apartments that are over 1,200 square feet in size;
  • A designer clubhouse with marble and natural wood finishes;
  • Luxury features, such as quartz countertops and matte black fixtures;
  • Spaces suitable for focused work or study while using the property – wide wifi;
  • A private park with multiple fireside lounges and a gaming lawn; and
  • Conveniences like in – unit washers and dryers, two EV chargers, and a 24 – hour fitness center.

On February 3, 2026, Sherman Residential bought the property. Its Senior Vice President said:

We’re proud to add a second property to our Charlotte portfolio just four months after returning to North Carolina. After exiting the market in early 2025, we’re entering 2026 with new momentum and a solid position in north Charlotte.

With a committed team, they look forward to building a strong sense of community for their present and future residents.

Sherman Residential has been in the real estate business for over 100 years and currently owns assets in six states. This family – owned company is based in north suburban Chicago. To find out more about its current holdings and investment opportunities, visit .

To experience the difference Sherman is bringing to The Wrenley and the Charlotte multifamily market, arrange a tour of the property or learn more at thewrenley.com.

About Sherman Residential: Sherman Residential, a division of Benj. E. Sherman & Sons, Inc. (BES), is a real estate firm based in Chicago that focuses on apartment ownership across the United States. They are well – known for their dedication to maintaining beautiful apartment communities, providing great services, and offering outstanding investment opportunities that have produced excellent annual returns for investors since 1990. Learn more at shermanresidential.com.

SOURCE Sherman Residential

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