Multifamily news in Raleigh-Durham

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.
Market Rate
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.
Senior Housing
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.
Senior Housing

  • 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

  • Economic Growth Pushes Up Demand in Raleigh

    The area’s multifamily market had a healthy run in 2017. Favorable living and wage conditions lure many local graduates to remain within the region, expanding the Research Triangle’s economy and fueling rental demand.

    23 February 2018 14:50

  • 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

  • Banner Refinances 224-Unit NC Property

    The 224-unit Lincoln Apartments, located near Raleigh's city center, was completed in late 2015 and was 92 percent occupied as of January.

    22 February 2018 09:20

  • HFF Arranges Financing for NC Mixed-Use

    Williams Realty and Building Co. and Kane Realty Corp. are developing the Raleigh property, which will include 417 units, a supermarket, 5,340 square feet of retail space and 735 parking spots.

    21 February 2018 15:47

  • CBRE Facilitates $42M Financing for Durham-Area Acquisition

    Steve Heffner, Nate Sittema and Kristen Reilley from the company’s Charlotte office secured the Fannie Mae loan on behalf of the buyer, Centennial Holding Co.

    05 February 2018 15:49

  • Greystone Closes $80M NC Deal

    The transaction allows the company to convert the financial structure of 645 affordable housing units across nine communities for the Greensboro Housing Authority.

    26 January 2018 20:00

  • The Carolinas in 2018: What to Expect

    ARA Newmark Vice Chairman Dean Smith spoke with MHN about the type of investors the region will likely attract in 2018, as well as which submarkets will capture developers' attention.

    26 January 2018 17:15

  • 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