Group Picks Up 396 Units in Raleigh Area for $11M - CoStar Group

Apartments Still Strong in Raleigh.

Recent Deal Highlights:

Property: Centennial Ridge Apartments
Address: 2450 Centennial Ridge Way, Raleigh, NC
Price: $4.5M
Units: 180
Price per unit: $25,000
Buyer: HRA Wolfpack Ridge LLC
Seller: Centennial Ridge LLC

Property: Centennial Village Apartments
Address: 2320 Crescent Creek Drive, Raleigh, NC
Price: $6.5M
Units: 216
Price per unit: $30,092
Buyer: HRA Wolfpack Ridge LLC
Seller: Centennial Village LLC

Brokerage: Drew Showfety and Ralph Jones of Greensboro-based Twin City Commercial Brokerage represented both the sellers and the buyers.


Source:
Group Picks Up 396 Units in Raleigh Area for $11M - CoStar Group