Chicago-based real estate asset management firm LivCor has completed the acquisition of Anson at the Lakes, a 694-unit Class B community in Charlotte, North Carolina.

Located at 8000 Waterford Lakes Drive, just east of the intersection of interstates 77 and 485, the community’s 33 buildings are situated roughly 8 miles south of downtown Charlotte.

LivCor paid $107 million to buy the asset, which comprises a mix of one-, two- and three-bedroom units with floorplans ranging from 622 to 1,208 square feet, from multifamily real estate investment company Cortland Partners, LLC.

Additionally, LivCor has selected Bell Partners to oversee property management. The acquisition of the community, which was 94.1 percent occupied as of May, more than doubles LivCor’s Charlotte portfolio, now standing at 1,364 units.