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| 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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