News - Raleigh-Durham

  • 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
  • Multifamily Markets Positioned to Win in 2018

    Above-trend population increases and job gains in non-gateway cities are generating strong investor and resident demand for multifamily housing, explained IRT Chairman & CEO Scott Schaeffer. Here are three such markets poised to benefit from this trend in 2018.

    16 January 2018 20:40
  • 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
  • AZ, NC Senior Housing Lands $50M

    Greystone arranged the construction financing for the assets, which will comprise a total of 386 units.

    13 December 2017 19:25
  • 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
  • Former Durham Hotel to Become 342-Unit Community

    Alliance Residential purchased Crown Park Hotel, the company’s first asset in the Triangle. Karl Hudson with Foundry Commercial represented the buyer in this $10.5 million transaction.

    29 November 2017 17:02
  • Taurus Nabs NC Apartments for $54M

    The company plans to renovate the 302-unit Brook Arbor Apartments, located in Cary. Additionally, it intends to work with The Dolben Co. to incorporate select sustainability upgrades and a renewable energy system.

    27 November 2017 16:02
  • 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
  • Raleigh: Solid Fundamentals Round Triangle’s Edges

    Population gains and steady rent growth are luring multifamily investors and developers to the Research Triangle. Demand is outstripping supply, but with more than 5,000 units scheduled for completion by year-end, that trend is likely to moderate.

    29 September 2017 16:52
  • Peak Campus Launches Theory Brand

    The company is introducing its brand at two new student housing developments in Raleigh, N.C., and Syracuse, N.Y. Theory Raleigh and Theory Syracuse are slated for completion by the fall of 2018 and will feature a combined 1,126 beds.

    25 September 2017 14:42
  • Cush & Wake Secures $22M NC Community Sale

    PRG Real Estate sold the 15 two-story buildings to Dasmen Residential. The community last traded in 2012, when PRG Real Estate purchased it for $13.6 million.

    16 August 2017 17:39
  • 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
  • Venterra Realty Sheds $36M on NC Community

    The company acquired Chatham Pointe, a 255-unit community built between 2011 and 2015 in Cary, N.C. The asset includes a retail component as well.

    27 July 2017 17:27
  • Luxury Multifamily Asset Changes Hands in NC

    Autumn Woods is two miles from UNC Chapel Hill Campus and features a wide array of community amenities including a resort-inspired pool and 24-hour fitness center.

    26 July 2017 13:58