Downtown Raleigh Apartment Construction

Development of large apartment complexes in downtown Raleigh continues at impressive levels. Driving though the area, one can see new construction on nearly every major street.  Multifamily projects currently under construction include: DevonFour25 – 261 Units The Edison – 239 Units Elan City Center – 213 Units The Gramercy – 209 Units The Lincoln – […]

Triangle Multifamily Investment Market Continues to be Strong

The Triangle multifamily/apartment investment market continues to experience demand for new construction, Class A complexes.  Purchasers tend to be Private or National Investment Groups and REITS. Some of the most recent deals include: (Raleigh) August 2014 – Meridian at Wakefield, 369 Units, $137,000± per unit. (Durham) July 2014 – The Heights at South LaSalle, $185,000± […]