Raleigh-Durham
Waterton Completes Its Seventh Acquisition in 2015
Waterton continues its acquisition activity this year with its purchase of 392-unit rental community Regatta at Lake Lynn in Raleigh, N.C.
CBRE|Raleigh’s New Team Member
CBRE has recently expanded its team in Raleigh.
Crescent’s $700M Multifamily Portfolio Sale Includes Three New Triangle Apartment Communities
Crescent Communities has announced plans to sell a portfolio of nine new apartment communities in North Carolina, Florida and Georgia, for a total of approximately $700 million.
TODAY’S DEALS: Berkadia Secures $107M in Multi-Layered Financing for Portfolio of Las Vegas Properties
Berkadia Commercial Mortgage arranges $102.9 million in financing for Angelo, Gordon & Co. and Interwest; Gelt Inc. wraps up its first purchase in Utah; and Wells Fargo provides $26 million for a mixed-use development in Raleigh, N.C.
Brookline Investment Group Acquires 236-Unit Multifamily Community in Durham for $23.6M; Investcorp Pays $84M for RTP’s Meridian Business Campus
Brookline Investment Group of Aliso Viejo, California is now the new owner of the newly renovated Yorktown Club apartment community in Durham.
TODAY’S DEALS: Pillar Originates $20.7M HUD Loan
Pillar originates a $20.7 million acquisition and rehabilitation loan for an affordable asset in Michigan; HFF arranges $8.5 million for a 244-unit community in Tampa; and Boston Capital provides capital for two LIHTC properties in North Carolina.
Equus Capital Acquires Raleigh Multifamily Portfolio for $36M; State Denies Raleigh’s $38M Offer for Dorothea Dix Property
Equus Capital Partners, a private equity firm based in Philadelphia, has recently acquired three multifamily properties in Raleigh from a joint venture of Silver Companies and McCann Realty Partners.
Raleigh Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and MHN’s research editor Jack Kern discuss Raleigh-Durham apartment market fundamentals in this edition of our market research podcast hosted by senior associate editor Mike Ratliff.
Trade Street to Acquire Pair of Luxury Apartment Properties
Trade Street Residential has announced that it plans to acquire two newly-built apartment communities with a combined 502 units. One asset is in Raleigh, N.C., the other is in suburban Atlanta.
Wood Partners Opens North Carolina Apartment Property
The Bristol is now leasing in Morrisville, N.C. The 260-unit property was developed by Wood Partners as part of Park West Village, a 100-acre mixed-use development.