Raleigh-Durham
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.
Economic Growth Sustains Demand in Raleigh
With 7,400 multifamily units underway, the metro’s 2018 deliveries are likely to exceed last year’s and generate moderate rent growth, as well.
Magnolia Sells Raleigh Community After Short Hold
HFF marketed Stonehenge Apartments on behalf of the seller, which purchased the property last year for $56.7 million.
NC Community Sold for $38M
Cushman & Wakefield represented The Sterling Group in the sale to Dasmen Residential.