The Preiss Co. Pays $103M for Raleigh Student Housing Community

Newmark arranged $77.3 million in acquisition financing through a life company lender.

Alcove Garner. Image courtesy of Foundry Commercial

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.

Waltonwood Lake Boone

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.

6421 Campus Drive

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.

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