Multifamily news in Raleigh-Durham
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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.
02 July 2018 13:48 -
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 -
NC Senior Housing Community Receives $14M Loan
Chatham Ridge Assisted Living in Chapel Hill, N.C., received $13.5 million in Fannie Mae refinancing. The property offers 60 assisted living and memory care units.
18 June 2018 14:02 -
Eyzenberg & Co. Arranges Developer, Ground Lease for NC Student Housing
The firm selected Greystar to develop Grove Park, a 339-unit community in Chapel Hill, which is set to replace the current apartment building at the site.
07 June 2018 18:54 -
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 -
Blue Heron Closes Construction Loan for NC Asset
The 164-unit community will rise next to Durham Central Park, replacing a functionally obsolete and underutilized building.
21 May 2018 15:38 -
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.
04 May 2018 17:33 -
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 -
JV Buys 176-Unit Raleigh-Area Senior Community
Cushman & Wakefield brokered the sale of Woodland Terrace in Cary, N.C., comprising 104 independent living, 36 assisted living and 36 memory care units.
17 April 2018 17:13 -
Raleigh Senior Community Expands
Kisco Senior Living’s Cardinal at North Hills will expand its campus with a 15-story high-rise building, which will add 160 units to the property.
12 April 2018 15:27 -
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.
29 March 2018 12:15 -
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 -
PAC Sells $43M Suburban Raleigh Asset
Built in 1997, the 328-unit Lake Cameron was the oldest property in the company's portfolio, having most recently traded in 2006 for just above half the current price.
22 March 2018 13:30 -
JV Acquires Land for Senior Housing Project in Raleigh
The fourth and final 8.5-acre parcel of the St. Albans at Midtown development has traded for $3.9 million. The new owners are planning to use the site for the construction of a 189-unit retirement community.
14 March 2018 16:52