Sherman Residential Acquires Elan Prosperity Village Renames It The Wrenley in Charlotte

Sherman Residential has acquired Elan Prosperity Village in Charlotte, North Carolina, renaming the Class A asset The Wrenley. The 300-unit, midrise apartment community sits in the Prosperity Village submarket and is positioned as a luxury rental option for a rapidly growing area of north Charlotte.

The property is located just off Interstate 485 and offers direct connectivity to major employment centers. Sherman reports access to more than 300,000 jobs within a 20-minute drive, including Uptown Charlotte, University Research Park, and the Concord industrial corridor. With the recently added Vanguard campus in University Research Park, The Wrenley's residents will drive only five minutes to reach top employers such as Vanguard, Allstate, TIAA, and Wells Fargo.

Within the Prosperity Church Road neighborhood, The Wrenley offers walkable retail and restaurant options across three major shopping centers. Families have access to Charlotte-Mecklenburg public schools with ten magnet schools within five miles, and the University of North Carolina main campus sits one neighborhood away.

Unit and amenity features target resident experience and flexibility. Floor plans range from studios to two-bedroom units exceeding 1,200 square feet. Community amenities include a designer clubhouse finished in marble and natural wood, luxury interior options such as quartz countertops and matte black fixtures, property-wide wifi with focused work and study areas, a private park with fireside lounges and a gaming lawn, in-unit washers and dryers, two EV chargers, and a 24-hour fitness center.

"We're proud to add a second property to our Charlotte portfolio within just four months of returning to North Carolina. After selling out of the market in early 2025, we're entering 2026 with renewed momentum and a strong foothold in north Charlotte."

Sherman Residential, a family-owned company with more than 100 years in real estate, currently holds assets across six states and is headquartered in north suburban Chicago. The acquisition reflects continued investor interest in product that pairs employment connectivity with resident-focused amenities in growth submarkets.