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Tuesday, 28 January 2014

Connor Group Pays $18.15Mln for N.C. Apartments

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The Connor Group has paid $18.15 million, or roughly $88,107/unit, for the Amberwood at Lochmere, a 206-unit apartment property in the Raleigh, N.C., suburb of Cary, N.C.

The Centerville, Ohio, company purchased the property from Michelson Realty Co. of St. Louis and Dome Equities of New York in a deal...

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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • States: North Carolina
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $10 million and $25 million
  • Private: Yes
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