Multifamily news in Market Rate Housing - Raleigh-Durham
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Crescent Communities Launches SFR Brand
The developer will start with as many as 200 new residences in each of four markets.
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PCCP Forms $1B SFR JV
The partnership has already closed on five single-family investments totaling more than $240 million.
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Top 5 Southeast Markets for Multifamily Transactions in 2020
Despite investment volume dropping 16.6 percent from 2019, the region appears to be weathering the economic turmoil.
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FCP, Kane Realty Sell Raleigh Mixed-Use Community for $236M
JLL represented the sellers in the disposition of The Dillon, which features residential, office and retail space.
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Raleigh Apartment Project Receives $29M Loan
Cadence Bank and Atlantic Bank provided construction financing for the 248-unit development.
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Cushman & Wakefield Arranges $33M Durham Sale
Watson Bryant, Paul Marley and Hunter Bowling facilitated the disposition of the 400-unit community on the city's northern side.
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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.