Saturday, June 6, 2015

Multi Housing Advisors Arranges $13.9 Million Sale of Cary, NC Apartment Community

  
Marc Robinson
CHARLOTTE, NC — MHA has arranged the $13.9 million sale of the 137-unit Northwoods Townhomes, located at 411 Gregory Drive in Cary, North Carolina.

Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte, North Carolina, office represented the seller, QR Capital, in the transaction. The buyer was a New Jersey-based private investor.

“The Triangle apartment investment market continues to attract capital from both domestic and international investors, with offerings receiving tremendous interest,” Robinson said. 

“Northwoods Townhomes’ prime location and exceptional operating history should make this an excellent long-term investment for the new owner.” 

Amenities at Northwoods Townhomes include a state-of-the art fitness center, outdoor kitchen, Olympic-sized swimming pool and lighted tennis court. The property also offers desirable, spacious townhome floor plans.

For a complete copy of the company’s news release, please contact:

Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)

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