The Preiss Co. Pays $103M for Raleigh Student Housing Community
Newmark arranged $77.3 million in acquisition financing through a life company lender.
Stoneweg Sells Raleigh Luxury Apartments
The sale takes place as Stoneweg expands its multifamily presence across the South and Midwest.
Wood Partners, PGIM Break Ground in Raleigh
Located in a southern hotspot, the community is set to begin preleasing in summer 2023.
Singh Development Scores $53M Refi for Senior Community
KeyBank secured the Fannie Mae loan for the 181-unit community in Raleigh, N.C.
Bainbridge Cos. JV Buys Luxury Community
The Research Triangle property last traded in 2019, for $70.5 million.
Mill Creek Acquires Raleigh Apartments
Raleigh-Durham remains a hotbed of multifamily in-migration due to its lower cost of living compared to other Southeast markets.
RKW Residential Expands Management Portfolio
More than 2,800 units have been added to the firm’s holdings.
Grubb Properties Lands $51M Loan for North Carolina Development
The construction of the 304-unit project is expected to be completed late next year.
TerraCap Management Expands Raleigh Footprint
A capital improvement plan will upgrade unit interiors and common area amenities.
Raleigh Multifamily Report – June 2022
Demand continues to outstrip supply in the Triangle.