The flurry of Triangle apartment deals continues.
Centennial Holding Co., an Atlanta real estate firm, has paid $25.8 million for the Carrington Park apartment complex in Morrisville, according to Wake County property records.
It is the company's second major investment in the Triangle apartment market in the last two months. In February, Centennial paid $34 million for the Preston's Reserve apartments in Cary.
The seller in the Carrington deal was Davis Development of Stockbridge, Ga., which built the property in 2007.
More than $150 million in Triangle apartment assets have changed hands just since the beginning of the year. Last year, a total of $250 million in apartment transactions were completed, according to CB Richard Ellis.
Several of the recent deals have been for the Triangle's most desirable properties. Last week, Greensboro-based Bell Partners paid $37 million for the Apartments at Meadowmont in Chapel Hill, one of premier complexes in the Triangle.
Carrington Park includes 266 units, 94 percent of which were occupied in the fourth quarter, according to the Triangle Apartment Association and Karnes Research.
Centennial owns more than 25 apartment buildings across the Southeast, including the Century Creek apartments in Durham.
Staff writer David Bracken