The Pointe at Chapel Hill--Engler Financial Group Exclusive Offering

ATLANTA, GA--Engler Financial Group presents The Pointe at Chapel Hill,(top right photo) an upscale 240 unit apartment community located in the affluent City of Chapel Hill, North Carolina.

The property's ideal location has outstanding proximity to the University of North Carolina at Chapel Hill, Duke University in Durham, two major research hospitals and the Research Triangle Park

The Pointe at Chapel Hill is being offered for sale on an unpriced basis and represents an excellent opportunity to purchase a well-located Class "A" apartment community in an extremely desirable market with high barriers to entry.

Tours will begin next Thursday, August 7th and continue through Friday, August 22nd.

Property highlights include:

The Pointe at Chapel Hill benefits from an outstanding location off SR 86 approximately one half mile south of Interstate-40. Downtown Chapel Hill and the University of North Carolina campus (27,700 enrollment) and the UNC Hospital are conveniently located approximately three miles south of the property.

Duke University (12,400 enrollment) and the prestigious Duke Medical Center are located in Durham approximately eight miles east of The Pointe at Chapel Hill. The University of North Carolina, UNC Hospital, Duke University, and the Duke Medical Center (bottom right photo) combined employ approximately 48,750 people.

Research Triangle Park (RTP), located ten miles southeast of the property, is the largest planned research park in the nation. RTP represents an investment of over $2 billion, with more than 240 major research, technology, and development organizations employing an estimated 45,000 fulltime workers.

Chapel Hill has historically been one of the best performing submarkets in the overall Raleigh-Durham region. As of January 2008, Chapel Hill's average rent of $0.87 per-square-foot ranked highest among Raleigh-Durham's twelve apartment submarkets.

In addition, Chapel Hill's 5.6% average vacancy rate also ranked among the lowest of any individual submarket in the metropolitan area. Five competitive properties surveyed in July 2008 for comparison to The Pointe at Chapel Hill had market rents which ranged from $1.00 to $1.17 per-square-foot, with occupancies ranging from 92% to 97%.

If you have an interest in pursuing this outstanding investment opportunity, please execute an electronic Confidentiality Agreement on Peracon.

Click to view the Asset Teaser

If you have any questions or would like to schedule a tour of The Pointe at Chapel Hill, please contact Greg Engler, Pat Jones or Kris Mikkelsen. We look forward to working with you on this exciting opportunity.

CONTACTS:
Greg Engler, CEO/President, 678/992-2000, ext. 1, gengler@efgus.com
Pat Jones, Senior Vice President, 678/992-2000, ext. 2, pjones@efgus.com
Kris Mikkelsen, Senior Associate, 678/992-2000, ext. 4, kmikkelsen@efgus.com