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| Seven Oaks Townhomes, 200 Seven Oaks Road, Durham, NC |
Durham, NC – 29th Street Capital (29SC), a privately-held
real estate investment and advisory firm, acquired the Seven Oaks Townhomes at 200 Seven Oaks Road in Durham, N.C. this month. The new owner
plans $1 million worth of renovations for the 272-unit multifamily community.
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| David Berrien |
“This is the first of many acquisitions we plan in the
Carolinas,” said David Berrien,
29SC’s Vice President of Acquisitions for the Carolinas.
“Seven Oaks is the
only townhome-style community – which is popular with families – in the area.
It’s also close to work, recreation and education centers in one of the
fastest-growing areas of the U.S.”
Forbes calls The Raleigh-Durham/Chapel Hill area one of
America’s best cities for Young Professionals. It grew by roughly half between
2000 and 2010, and ranked last year in the Top Five in the nation for job
growth.
Seven Oaks is less than five miles from downtown Durham, and
about 15 miles from Research Triangle Park, the state’s economic hub.
It is in
an excellent school district, near Eno River State Park, and convenient to the
area’s best shopping venues. It is also within a few miles of Duke University,
UNC-Chapel Hill and NC State University.
The community has been renovated within the past three
years, and 29SC plans even more improvements. These include adding a fitness
center, installing screen doors, and upgrading the exteriors and the pool area.
For investment
inquiries, contact:
Stan Beraznik, Founder and Managing Principal at 29th Street
Capital
415.643.6875 | sberaznik@29thstreetcapital.com
For a complete copy of the company’s
news release, please contact:
Thornton Communications
p:404-932-4347 | e:Terri@TerriThornton.com |
w:www.TerriThornton.com
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