Raleigh-Durham
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.
FCP Buys Raleigh Apartments for $33M
Seeing strong demand for workforce housing, the value-add investor plans capital improvements for the 279-unit community in the city’s North Hills area.
Why a Smart Business Strategy Includes the Triangle
What makes the Raleigh-Durham area great for investment, in addition to strong demographics and a healthy economy? NorthView Partners CEO Mark Barker shares the reasons behind the company’s expansion plans in the market.
Nuveen Real Estate Sells 336-Unit Raleigh Asset
The 14-building community changed hands for $46.1 million. The buyer used a $27.7 million loan originated by Prudential Financial to finance the acquisition.
CBRE Secures $33M Acquisition Loan for New Durham Property
Chaucer Creek Capital is the new owner of 54 Station, a 264-unit community completed last year. The company plans to build an additional 24-unit building.
Preiss Co., Nuveen Real Estate Buy NC Student Housing
The joint venture has acquired Signature 1505, a recently completed student housing community in Raleigh.
Waterton Purchases NC Portfolio for $169M
The properties include Ashford Green and The Retreat at McAlpine Creek in Charlotte, Atria at Crabtree Valley in Raleigh, and Audubon Parc in Cary.
Hudson Capital Properties Pays $55M for NC Community
Located in Cary, N.C., the 302-unit property will undergo extensive capital improvements across all units. The seller was White Oak Partners.