 |
| Marc Robinson |
CHARLOTTE, NC — Multi
Housing Advisors (MHA) has arranged the $29.3 million sale of The Reserve at Magnolia Ridge, located
in Cary, North Carolina.
Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the seller,
Greystone, in the transaction that was handled off market.
The property was purchased by the Sterling Group, based in Mishawaka, IN. Sterling is an aggressive owner, operator, and buyer of multifamily assets throughout the Midwest and Southeast.
The property was purchased by the Sterling Group, based in Mishawaka, IN. Sterling is an aggressive owner, operator, and buyer of multifamily assets throughout the Midwest and Southeast.
The Reserve at Magnolia
Ridge was built in 1984 and its interiors were recently renovated. The property
is comprised of 360 units and conveniently located at the junction of
Interstate 40 and Interstate 440 in Cary, N.C.
For a complete copy of the company’s news release,
please contact:
Deborah Rogers
Multi Housing Advisors
404.645.7275
drogers@usmha.com
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