ALTA Developers

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    Bolstered by an increase in transaction activity over the previous two years, more than 40 communities changed hands in the region so far this year for a total sales volume of roughly $650 million.

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    Ascension on the Bayou, a 280-unit community, has opened the 10,000-square-foot amenity, the first of its kind in the city. The space allows startups and companies a workspace in the main lounge, and co-workers are permitted to use resident amenities.

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    The 64-unit student housing community was 98 percent occupied at the time of the sale. The property is within walking distance of the Wake Forest University campus.

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