Water sheet at Leland. Image courtesy of Goodegg

Goodegg Investments and Mesos Capital have teamed up again, this time acquiring a community of 248 units in North Carolina. The two companies jointly acquired Waterleaf at Leland in Leland, NC, for an undisclosed price. According to Yardi Matrix data, the seller was Graycliff Capital.

Graycliff recently completed Waterleaf at Leland in April 2021 after first acquiring the land in November 2019. The newly built Class A community offers studios, one, two and three bedroom units ranging from 626 to 1,243 square feet. The units were built with 9 foot ceilings, private porches and private garages available. Residents also have access to the Waterleaf at Leland saltwater pool, outdoor fireplace, pavilion, coffee bar, fitness center, pickleball court, business center, car wash , the dog park, the community barn for bikes and kayaks and the valet garbage can. Annie Dickerson, COO of Goodegg, said Multi-dwelling news that the community is 100 percent pre-leased and 96 percent occupied.

Located at 7410 Cordoba Circle, Waterleaf at Leland is approximately 10 miles from downtown Wilmington. The property is also located in the planned community of Westgate which includes other residential developments. Dickerson said in prepared remarks that the Leland submarket and the surrounding large metro in Wilmington have strong population growth, job growth, job diversity and a better quality of life.


The acquisition of Waterleaf in Leland marks the 11th time that Goodegg and Mesos have jointly acquired a community in North or South Carolina. Dickerson said MHN that Carolinas’ portfolio is experiencing both high occupancy and retention of residents in its communities and added that Goodegg would continue to focus on these markets.

Overall, the collective portfolio between the two companies includes more than 8,000 units across Texas and the southeastern states that they own or operate. In addition to multi-family properties, Goodegg has also invested in 18 self-storage facilities in Texas and two hotels in Indiana as part of its diversification funds.