Thursday, May 12, 2005

$100M Apartment Fund Targets Raleigh

McCann Realty and Silver Capital Join Forces to Acquire Apartment Communities Throughout the Southeast With Plans to Invest $100 Million+ in First Two Years:

"Our first acquisition, Hunter's Glen, provides the opportunity to invest in the Raleigh apartment market at a time when economic occupancies appear to ave bottomed and apartment fundamentals are improving,' said MRP's founder John P. McCann."

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