The following article excerpt appeared in the 5/06/25 edition of The Charlotte Observer:
Over 1,100 homes and apartments set for Ballantyne, South End and the region
By Desiree Mathurin
An outside look of a for-rent townhome at the Radial at MoRA Point in East Charlotte. Courtesy of Beauxwright
Rental townhomes in Charlotte
Beauxwright is adding to the growing build-to-rent sector in Charlotte with its opening of Radial at MoRA Point in East Charlotte.
It’s a 58-unit community at 4009 Connection Point. Rent for the two- and three-bedroom townhomes starts at $2,300 a month.
The community sits on about three acres and offers a dog park and green space.
Bart Hopper, owner and CEO of Hopper Communities, said the growing trend of build-to-rent homes is also beneficial to newcomers in the region, especially as housing costs continue to rise.
“With some mortgage rates, you can rent for less than you can buy,” Hopper said. “You don’t build any equity but it’s more affordable.”
Charlotte is ranked fifth in the nation when it comes to build-to-rent properties, according to a report from Point2Homes, a real estate website. The city added over 1,400 single-family rentals last year and over 3,600 in the past five years.