Multifamily news in Luxury Housing - Raleigh-Durham
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Raleigh-Durham Multifamily Wrap-Up – July 2020
Wood Partners starts two luxury projects. Alliance Residential sells property for $87 million. Catch up on our July list of Raleigh-Durham must-reads.
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Wood Partners Begins Research Triangle Luxury Project
First Citizens Bank is funding the 403-unit development with more than $45 million in construction financing.
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North Carolina Community Changes Hands
The Class A multifamily property came online in 2019 and includes 5,000 square feet of coworking office space.
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Luxury Senior Community Breaks Ground in Raleigh
The $80 million, 205-unit luxury senior living facility is the developer’s third Optimal Living-branded community. The project is slated for completion in late summer 2021.
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KETTLER Pays $119M for Raleigh-Area Apartments
Pacific Life Insurance provided the buyer of the newly completed 493-unit Class A multifamily asset with $76 million in acquisition financing.
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Zaremba Group Buys NC Community for $45M
The sale of the 191-unit luxury multifamily asset near Raleigh comes less than four months after the property opened its doors.
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Raleigh-Durham Community Sells for $38M
The deal marks Centennial Holding Co.’s second major sale of the year. The firm acquired the asset from Dominion Realty Partners in 2014 for $32.3 million.
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Wood Partners Opens NC Luxury Property
The developer broke ground on the nearly 300-unit project in 2017, financing construction through a $34 million loan from TD Bank.
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Lantower Residential Pays $74M for Luxury NC Community
An HFF team including Justin Good, Jeff Glenn, Caylor Mark and Allan Lynch marketed the newly built property on behalf of Woodfield Development.
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HFF Secures $50M Durham Acquisition Loan
The company debt placement team working on behalf of borrower Lantower Residential included Senior Directors Jamie Leachman and Roger Edwards.
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Work Begins on 318-Unit Luxury Community in NC
Dominion Realty Partners broke ground on The Residences at Shiloh Crossing in Morrisville. Capital Bank provided construction financing for the project.
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NC Community Receives $24M Refi
Signature Property Group secured the loan to refinance 119 South Apartments, a 264-unit Class A property located in Mebane.
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Bainbridge Opens 200-Unit Luxury Community in Raleigh
Bainbridge Lake Crabtree is situated in Morrisville, N.C., within minutes of Research Triangle Park, and features a mix of one-, two- and three-bedroom floorplans.
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Luxury Raleigh Community Breaks Ground
The first phase of Exchange at Holly Springs is slated to bring 316 units across 11 buildings, with a second phase in early planning stages.
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Banner Refinances 224-Unit NC Property
The 224-unit Lincoln Apartments, located near Raleigh's city center, was completed in late 2015 and was 92 percent occupied as of January.