Tuesday, November 3, 2015

Waterton Acquires 392-Unit Regatta at Lake Lynn in Raleigh, NC

Matthew Masinter
 CHICAGO, IL  – Waterton, a U.S. real estate investor and operator, today announced it has purchased Regatta at Lake Lynn, a 392-unit garden-style rental community in Raleigh, North Carolina.

Located at the southeast corner of Lake Lynn – about 10 miles northwest of downtown Raleigh – the property includes a mix of one- and two-bedroom apartments, each with 9-foot ceilings, a patio or balcony, wood-burning fireplace, and full-size washer and dryer units. 

Community amenities include two outdoor pools, a 24-hour fitness center, newly constructed playground and on-site dog park.

 “With Regatta at Lake Lynn, we saw an opportunity to acquire a vibrant community in a highly desirable location with favorable supply and demand drivers,” said Matthew Masinter, senior vice president of acquisitions at Waterton. “The relative affordability of renting has made apartments the housing option of choice in many cities, and Raleigh is no exception.”

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

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

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