Market Rate Housing - Raleigh-Durham

Raleigh Community Trades for $24M
Hawthorne Residential Partners sold the 184-unit asset two years after it acquired it for $15.5 million from Heritage Capital Group.
Market Rate
American Landmark Continues NC Expansion
The company has acquired the 339-unit Sterling Town Center in Raleigh and the 312-unit Integra Springs at Kellswater in Charlotte. Both communities will undergo extensive renovations.
Market Rate
American Landmark Expands NC Footprint
The Florida-based company teamed up with Electra America to acquire a three-property portfolio comprising more than 1,000 units. The new owners plan to invest up to $8 million in renovations.
Market Rate

  • HHHunt Begins Construction on $43M NC Community

    Located in Garner, Abberly Solaire will offer 282 units and access to a coffee bar, a dog park and a pool with in-water seating.

    21 June 2018 16:55

  • Planned Durham-Area Project Lands $17M Loan

    Trez Forman CEO Brett Forman originated the loan, which will help the borrower in the acquisition of a 138-acre parcel slated for the construction of an 880-unit property.

    31 May 2018 11:32

  • Waypoint Buys NC Apartments

    The company acquired the 214-unit Capital Creek at Heritage, located in Raleigh's submarket Wake Forest, from TWO Capital Partners for $36.4 million.

    19 April 2018 16:13

  • Raleigh-Area Property Trades for $43M

    The new owner, a joint venture between DRA Advisors and Fogelman Properties, plans to implement both in-unit and amenities upgrades.

    29 March 2018 09:23

  • Audubon Enters Raleigh-Durham Market

    The company acquired and rebranded a 501-unit Durham community and plans to invest $5 million in capital improvements.

    26 March 2018 13:58

  • HFF Arranges $32M in Financing for NC Community

    Senior Managing Director Travis Anderson and Senior Directors Cory Fowler and Roger Edwards worked on behalf of the developer, Leon Capital Group.

    23 February 2018 10:53

  • Hudson Capital Buys 512 Units in NC, GA

    The company purchased two communities—Cary Reserve at Weston and Willow Trail—for $66 million, with the aim of investing an additional $7 million for capital improvements.

    25 January 2018 17:48

  • JV to Invest $550M in National Portfolio

    Cortland Partners, Canada Pension Plan Investment Board and GIC plan to acquire and renovate 8,000 to 10,000 Class B multifamily units across the U.S.

    15 January 2018 16:44

  • Inland Group Lands $50M NC Community

    Inland Real Estate Acquisitions closed the purchase of a 304-unit community in Knightdale, N.C. Senior Vice President Mark Cosenza completed the deal with assistance from Brett Smith, assistant vice president & associate counsel of The Inland Real Estate Group.

    07 December 2017 15:55

  • Beverly Hills Firm Enters NC Market With $37M Buy

    Peter Sherman, Craig Cadwallader, Grant Linderman and Sam Chow with Avison Young represented Inco Montera, the buyer of Woodfield Glen Apartments in Raleigh. ARA Newmark worked on behalf of the seller, Grayco Inc.

    02 November 2017 18:20

  • CalAtlantic Homes Opens Raleigh-Area Community

    Silver Grove is a new townhome property in Cary, N.C., five miles from the Research Triangle Park. Pricing starts in the low $300,000s.

    09 October 2017 14:29

  • Taurus Snags $34M Raleigh Community

    Acquired from Chaucer Creek Capital, the 23-year-old property in the city's Northwest submarket is slated for a major makeover.

    15 August 2017 18:29

  • Taurus Lands First NC Property for $34M

    The investment firm purchased Olde Raleigh, a 228-unit community in Raleigh, N.C. Chaucer Creek Capital sold the asset after four years of ownership.

    14 August 2017 13:31

  • Wood Partners Breaks Ground on 298-Unit Development

    The developer is building a community in Chapel Hill, N.C., with leasing expected to begin next summer. Alta Blu will include 5,000 square feet of office space.

    21 July 2017 14:50

  • IRT Acquires 328-Unit Raleigh-Durham Community

    Previously managing the property on behalf of RAIT Financial Trust, the company recently acquired the asset for $43 million. The community is located in the Raleigh-Durham market, in close proximity to prestigious universities and major employers.

    12 July 2017 18:23