Printer Friendly
Email to a Friend
Enlarge Font
Decrease Font
From Staff Reports
Comment on this story
RALEIGH - Emboldened by rising demand and rents, investors continued to plunge cash into Triangle apartments during the first quarter.At least $706.7 million in Triangle apartment communities were traded during the first three months of the year, according to CB Richard Ellis data.The total, which comes close to topping last year's full-year total, was boosted by the $218 million purchase of 11 properties by a joint venture of DRA Advisors of New York and Steven D. Bell & Co. of Greensboro.They were part of a sliver of a $1.9 billion deal, including 86 apartment properties in 12 states.
All rights reserved. This copyrighted material may not be published, broadcast or redistributed in any manner.
Get $150+ in coupons in every Sunday N&O. Click here for convenient home delivery.
