Multifamily news in Market Rate Housing - Raleigh-Durham
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StoneBridge Buys Raleigh Community
The Columns at Wakefield features 324 units and will undergo an extensive renovation by the new owner.
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FriedLam Partners Acquires 6 Southeast Properties
Cushman & Wakefield represented the two sellers whose combined portfolio in Georgia and North Carolina totaled 872 units.
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Bell Partners to Manage 8 More Communities
The company will operate Signature Property Group's existing apartments in North Carolina along with its future developments.
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Round Hill Pays $49M for Suburban Raleigh Community
The company financed the purchase with a 12-year, $29.5 million Freddie Mac loan from Walker & Dunlop.
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Wood Partners Expands Research Triangle Portfolio
The developer broke ground on Alta Wren in Cary, N.C., a 250-unit community near the business, science and education hub.
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Hines JV to Develop North Carolina Mixed-Use Project
The development will be located adjacent to the American Tobacco Historic District in Durham, which will feature a 14-story residential building.
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RKW Residential Adds 5 Communities to Management Portfolio
The properties total more than 1,500 units and are located in North Carolina and Florida.
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Knightvest Capital Pays $42M for First Raleigh Asset
The 250-unit Ashton last changed hands for a little over $23 million in 2013.
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RST Development Acquires Durham Asset for $66M
The property is located within the Croasdaile Farm master-planned community in the submarket of North Durham.
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Jamestown JV Begins Adaptive Reuse Project in Raleigh
Phase I of Raleigh Iron Works will include renovation of the historic steel mills and the warehouses that were previously part of Peden Steel.
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Lexerd Expands North Carolina Footprint
The firm's purchase of Ashford Lakes in Hillsborough, N.C., represents its second investment in the area.
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Goldman Sachs Division Buys North Carolina Property
JLL’s Jeff Glenn, Justin Good, Allan Lynch, Caylor Mark and Andrea Howard acted on behalf of the seller.
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Dasmen Residential Pays $30M for Durham Community
The new owner plans to begin capital improvements to update the 26-building property's units and common areas.
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Ginkgo Residential Buys Back Durham Property
A NKF team of Alex Okulski, Jason Kon, John Munroe, Sean Wood, John Heimburger and Dean Smith brokered the sale of 501 Towns.
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Magma Equities Buys Value-Add Asset in Raleigh
The multifamily investment firm scooped up a 199-unit community neighboring North Carolina State University.