Local Purchase of Rosewood Condominiums Complete
Despite a weak real estate market and the uncertainty of bankruptcy, picturesque Rosewood Condominiums have remained perhaps Charlotte’s most distinctive luxury residential property and reported healthy sales. Charlotte-based real estate firms Vision Ventures and Mount Vernon Asset Management, which bought the debt secured by the property from Regions Bank in 2010, never lost faith in their investment as the bankruptcy wound toward resolution and they took title to the unsold condominium homes on February 15, 2012. “We knew from the beginning that the acquisition process would be complicated and take time, but we also were certain that Rosewood was well
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