Today, Highwoods announced a sale of a 332 unit complex in Cary. Highwoods will make $6.1M after loans and other obligations are settled.
Deal Summary:
Name: Weston Lakeside
Location: Cary, NC
Buyer: American Realty Advisors
Seller: Highwoods and Crosland
Price: $45M
Units: 332
$/unit: $135,542
Last year investors spent $1.1B on triangle apartments.
Source: N&O and Forbes
Highwoods Sells Property for $45M - Forbes.com
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