Raleigh-Durham
Raleigh Multifamily Report – Fall 2019
Fueled by a strong economy and sustained demographic expansion, the Triangle’s multifamily market remains one of the fastest-growing major metros in the U.S.
Raleigh Senior Living Asset Trades for $31M
Buyer Green Courte Partners plans to convert the recently completed property to a full-service independent living community.
Durham Condos Land $11M Construction Loan
The two-year mortgage will finance the development of 25 townhomes close to the city’s downtown.
Lexerd Expands North Carolina Footprint
The firm’s purchase of Ashford Lakes in Hillsborough, N.C., represents its second investment in the area.
Goldman Sachs Division Buys North Carolina Property
JLL’s Jeff Glenn, Justin Good, Allan Lynch, Caylor Mark and Andrea Howard acted on behalf of the seller.
Dasmen Residential Pays $30M for Durham Community
The new owner plans to begin capital improvements to update the 26-building property’s units and common areas.
Ginkgo Residential Buys Back Durham Property
A NKF team of Alex Okulski, Jason Kon, John Munroe, Sean Wood, John Heimburger and Dean Smith brokered the sale of 501 Towns.
Magma Equities Buys Value-Add Asset in Raleigh
The multifamily investment firm scooped up a 199-unit community neighboring North Carolina State University.
Nuveen Expands North Carolina Portfolio
The firm picked up Bell Wakefield, a 360-unit property, for $70.6 million.
Raleigh Student Housing Assets Change Hands
The Priess Co. has sold a portfolio of three communities totaling 890 beds to a Chicago-based firm.