Two north Raleigh apartment complexes bring in nearly $60M
Two apartment complexes in north Raleigh have sold in the past week, hauling in a total of $58.6 million and capping off a busy quarter for apartment acquisitions in the Triangle.
DOWNTOWN NASHVILLE'S 500 FIFTH APARTMENTS, FORMERLY METRO MANOR, SOLD FOR $27.3M
New York-based JEM Holdings bought its third Nashville property from a fund managed by Covenant Capital Group, which renovated The 500 Fifth.
CUSHMAN & WAKEFIELD ARRANGES $36.1M SALE OF THE PALMS FROM KOLE MANAGEMENT TO JEM HOLDINGS
JEM Holdings acquired the $36.1 million Palms community in Charleston from Kole Management.
CUSHMAN & WAKEFIELD SHEPHERDS 182-UNIT GA SALE
JEM Holdings acquired the $15 million Woodhill community in Augusta from Intermark Management and King Management.
CBRE ARRANGES $4.8 MILLION SALE OF 800 POST ROAD IN DOWNTOWN DARIEN, CT
JEM Holdings, a New York, NY-based company, acquired the building and improvements at 800 Post Rd in the heart of Darien, CT for $4.8 million from Hawthorne Realty.
JEM HOLDINGS ACQUIRES COUNTRY CLUB APARTMENTS
JEM Holdings, a New York, NY-based company, acquired the 454-unit Country Club Apartments in Charlotte, NC for $17 million, or about $38,000 per unit.
JEM HOLDINGS PAYS $6.14M FOR WINDGATE APARTMENTS
JEM Holdings, a New York, NY-based company, acquired the 196-unit Windgate Place Apartments in Charlotte, NC from GMC Property Management for $6.14 million, or about $31,000 per unit.