Brent Torstrick Represents Roof Above in Important Affordable Housing Acquisition



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Sept. 4, 2020

Brent Torstrick represented Roof Above in the acquisition of a naturally occurring affordable housing property for $47.7 million. Roof Above acquired the 341-unit apartment complex with Ascent Real Estate Capital, made possible by a philanthropic public-private partnership. The property will have rent restrictions to ensure affordable housing for a range of income levels, and at least 20% of the units will be designated for Charlotteans facing long-term homelessness.

Roof Above is a Charlotte nonprofit organization offering a spectrum of homeless services and housing programs. Torstrick's pro bono representation of Roof Above was mentioned in a recent Charlotte Business Journal article about the transaction, available here.

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