Raleigh-Durham
Top 5 Apartment Owners in Raleigh-Durham
The overwhelming majority of the metro’s multifamily owners are regional and national investors, drawn by The Triangle’s strong market fundamentals.
Eller Capital Buys NC Community for $19M
Carroll Org. sold the 188-unit multifamily asset less than a year after acquiring it as part of a 40-property portfolio.
NCCU Breaks Ground on 2 Student Housing Communities
Scheduled for completion in 2021, the properties will feature 1,247 beds. An additional residential hall, Lawson Street Residential Hall, is projected for completion in 2021.
RK Properties Buys North Carolina Apartments
The purchase of Bainbridge Lake Crabtree in Morrisville represents the company’s second acquisition in the metro over the past two months.
Raleigh-Durham Community Sells for $38M
The deal marks Centennial Holding Co.’s second major sale of the year. The firm acquired the asset from Dominion Realty Partners in 2014 for $32.3 million.
Blackstone Buys New Raleigh Apartments for $41M
Davis Development broke ground in 2017 on the 202-unit community and delivered it earlier this year, with the help of $38 million in construction financing.
Hines JV to Build 2.5 MSF North Carolina Project
Along with co-developers Columbia Development Group and USAA Real Estate, the firm is building Fenton, a 92-acre mixed-use project in the Raleigh-Durham area.
Raleigh-Durham Multifamily Report – Spring 2019
The metro’s multifamily market is on the upswing, boosted by favorable demographic trends and a diversifying economy.
Wood Partners Opens NC Luxury Property
The developer broke ground on the nearly 300-unit project in 2017, financing construction through a $34 million loan from TD Bank.
Fairfield Residential Buys NC Community for $27M
Capital One originated nearly $22 million in Fannie Mae financing for the acquisition of the 266-unit, mixed-income Durham community.