Raleigh-Durham
NC Senior Housing Community Receives $14M Loan
Chatham Ridge Assisted Living in Chapel Hill, N.C., received $13.5 million in Fannie Mae refinancing. The property offers 60 assisted living and memory care units.
Eyzenberg & Co. Arranges Developer, Ground Lease for NC Student Housing
The firm selected Greystar to develop Grove Park, a 339-unit community in Chapel Hill, which is set to replace the current apartment building at the site.
Planned Durham-Area Project Lands $17M Loan
Trez Forman CEO Brett Forman originated the loan, which will help the borrower in the acquisition of a 138-acre parcel slated for the construction of an 880-unit property.
Blue Heron Closes Construction Loan for NC Asset
The 164-unit community will rise next to Durham Central Park, replacing a functionally obsolete and underutilized building.
Bainbridge Opens 200-Unit Luxury Community in Raleigh
Bainbridge Lake Crabtree is situated in Morrisville, N.C., within minutes of Research Triangle Park, and features a mix of one-, two- and three-bedroom floorplans.
Waypoint Buys NC Apartments
The company acquired the 214-unit Capital Creek at Heritage, located in Raleigh’s submarket Wake Forest, from TWO Capital Partners for $36.4 million.
JV Buys 176-Unit Raleigh-Area Senior Community
Cushman & Wakefield brokered the sale of Woodland Terrace in Cary, N.C., comprising 104 independent living, 36 assisted living and 36 memory care units.
Raleigh Senior Community Expands
Kisco Senior Living’s Cardinal at North Hills will expand its campus with a 15-story high-rise building, which will add 160 units to the property.
Luxury Raleigh Community Breaks Ground
The first phase of Exchange at Holly Springs is slated to bring 316 units across 11 buildings, with a second phase in early planning stages.
Raleigh-Area Property Trades for $43M
The new owner, a joint venture between DRA Advisors and Fogelman Properties, plans to implement both in-unit and amenities upgrades.