Graycliff Capital Announces Waterleaf at Leland, Upscale Multi-Family Development near Wilmington, N.C. in Fast-Growing Brunswick County

Greenville (S.C.)-based Graycliff Capital Partners, LLC (Graycliff Capital), a leading developer/owner in the multi-family sector, is pleased to announce its newest multi-family development in the Coastal Carolinas region – Waterleaf at Leland - Luxury Apartment Homes in suburban Wilmington, North Carolina. Located just five miles from thriving downtown Wilmington and its revitalized waterfront district, Waterleaf at Leland is a 248-unit, Class-A residential community offering one-, two- and three-bedroom floor plans, as well as carriage homes.

Waterleaf at Leland offers ready access to major employers, including UNC Wilmington, New Hanover Regional Medical Center, and General Electric, as well as neighborhood retailers including Chik-Fil-A, Harris Teeter, ALDI, Starbucks and more. Construction is underway with framing already in place. Pre-leasing of units is expected to begin in early December 2020.

“Knowing that Brunswick County is the fourth-fastest growing county in the United States, we strategically selected this particular site in Leland as an ideal location for a high-end, multi-family community. We are confident that prospective residents – from young adults to seniors – will find Waterleaf at Leland unmatched locally in terms of quick commute to downtown, availability of essential services, superior amenities and coastal-style architecture,” said Paul Aiesi, partner at Graycliff Capital.

Waterleaf at Leland consists of eight garden-style residential buildings, four “carriage house” residential buildings with attached pairing of garages, and an upscale community clubhouse. The property will also feature a four-story residential building with elevator – a popular accommodation for both millennials and retirees. Designed with nine-foot ceilings and high-quality finishes, all units include Energy-Star stainless steel appliances, open-concept kitchen island, custom cabinetry, ceramic tile kitchen backsplashes, granite countertops, and extended bar-seating countertops. Other special features include ‘faux-wood’ luxury vinyl plank flooring, walk-in showers and walk-in closets (select units), in-home washers and dryers, and private balconies.

Community amenities include a 24-hour fitness center, with yoga and cycling rooms; and resort-style, saltwater swimming pool with cabana and outdoor fireplace. Additional amenities include co-working spaces, “contact-free” smart locker system, dog park, kayak and bike barn, pickleball court, green space amenity lawn, and access to walking/biking trails and Westgate Nature Park.

For more details about Waterleaf at Leland luxury apartments and resort-style amenities, visit https://www.waterleafatlelandapartments.com.

Graycliff Capital in the Carolinas and Beyond
Graycliff’s latest development in the Coastal Carolinas region, Waterleaf at Leland, supports the needs of fast-growing Brunswick County, known for its robust regional economy focusing on manufacturing, maritime shipping, tourism, and higher education. The area’s largest employers include University of North Carolina-Wilmington, General Electric, Pharmaceutical Product Development (PPD), and New Hanover Regional Medical Center.

In addition to Waterleaf at Leland, Graycliff’s recent and current coastal developments include Waterleaf at Murrells Inlet in South Carolina, and Waterleaf at Battery Creek in Port Royal, South Carolina. Graycliff continues to identify opportunities for new communities within the coastal Carolina markets, which are experiencing a significant in-migration population boom. The migration to the coast is driven by its moderate climate, diverse economy, and abundant lifestyle amenities - attracting both millennials and baby boomers alike to relocate.

Graycliff has developed multiple luxury apartment communities across the Carolinas in recent years, including three popular Upstate South Carolina developments - Cotton Mill Apartments, Waterleaf at Neely Ferry, and Waterleaf at Keys Crossings. Recent acquisitions include Reserve at Asheville in western North Carolina, and The Ironwood Apartments in North Augusta, S.C.

Over the past decade, Graycliff’s geographic reach has extended beyond the Carolinas to other parts of the Southeast, including Tennessee. Graycliff’s portfolio also includes multi-family communities in the Mid-Atlantic region, as well as Ohio and Pennsylvania.

About Graycliff Capital Partners, LLC
Headquartered in Greenville, S.C., Graycliff Capital Partners is a multi-family development and investment company with focus on the Southeast and Mid-Atlantic regions of the United States. Since its founding in 2010, Graycliff has acquired and developed more than 10,000 apartment units, executing approximately $1.62 billion in transactions. Graycliff’s core strategy is based on investing in areas with established economic growth and high barriers to entry. Graycliff is passionate about supporting local non-profits making positive impacts in their respective communities. For more information, visit www.graycliffcapital.com.


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