Raleigh Apartment Neighborhood Trades for $26M.

Raleigh Home Community Trades for $26M

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JLL has organized the $26 million sale of Windemere Apartments, a 168-unit garden-style apartment or condo community in North Raleigh, N.C.

Originally integrated in 1990, the area provides value-add advantage for the buyer because of 77% of the units still needing updates. Proposed unit upgrades consist of granite kitchen counters in kitchen areas and also restrooms, new hardware and also painted cabinets, stainless-steel appliances, plank floor covering and also new lights and pipes components.

Andrea Howard, John Currin, Jeff Glenn, Allan Lynch as well as Caylor Mark of JLL stood for the seller, Northland Investment Corp., in the transaction. The customer was S2 Funding.

“Windemere is the essential Raleigh value-add possession, with its accessibility to the Triangle’s premier employment centers, set apart design as well as layout, and also immense restoration possibility,” claimed Howard. “Our group was enjoyed have the chance to represent Northland on such a prized Raleigh residential property.”

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