North Carolina

The Strand
DevelopmentNewsNorth CarolinaSoutheast

Kane Realty Breaks Ground on 20-Story High-Rise in Raleigh, North Carolina

by Channing Hamilton

RALEIGH, N.C. — Kane Realty Corp. has broken ground on The Strand, a 20-story high-rise development in the North Hills district of Midtown Raleigh. The apartment tower will feature 362 apartments and 9,000 square feet of retail space. The Strand will consist of studio, one-, two- and three-bedroom apartments, as well as top-floor penthouses. The property will also feature an amenity deck on the sixth floor that will include a pool, grilling area, activity lawn, fitness center and clubroom, as well as a clubroom on the 18th floor and a …

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11330 Brigman Road
DevelopmentNewsNorth CarolinaSoutheast

NRP Group Breaks Ground on 377-Unit Project in Matthews, North Carolina

by Channing Hamilton

MATTHEWS, N.C. — The NRP Group has broken ground on a 377-unit development located at 11330 Brigman Road in Matthews, roughly 11 miles southeast of Charlotte. The 15-acre project will offer one-, two- and three-bedroom apartments. The property will also include a pool, dog park, fitness center, business center coworking space and a retail café. The unnamed property will also include 18,900 square feet of commercial space and about 28 apartments reserved for households earning 80 percent of the area median income (AMI). The NRP Group expects to deliver the …

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Maeve
DevelopmentNewsNorth CarolinaSoutheast

Capital Square Opens 20-Story Apartment Tower in Raleigh, North Carolina

by Channing Hamilton

RALEIGH, N.C. — Capital Square has opened Maeve, a 20-story apartment tower located at 319 W. Lenoir St. in Raleigh’s Warehouse District. Maeve consists of 297 units in studio, one-, two- and three-bedroom floor plans. The high-rise community also features approximately 10,000 square feet of street-level retail space, a double-height lobby and 30,000 square feet of amenities, including a pool and rooftop lounge. Greystar is managing the community. York Properties is overseeing the tower’s retail leasing assignment. Project partners for Maeve included JDAVIS Architects, general contractor W.M. Jordan Co., landscape …

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Greens at Centennial
Investment SalesNewsNorth CarolinaSoutheast

JLL Capital Markets Arranges Sale of 292-Unit Asset in Raleigh, North Carolina

by Channing Hamilton

RALEIGH, N.C. — JLL Capital Markets has arranged the sale of and acquisition financing for the Greens at Centennial, a 292-unit community located at 320 The Greens Circle in Raleigh. Built in 2014, Greens at Centennial offers a mix of studio, one- and two-bedroom units. The average unit size is 941 square feet. Amenities include a pool, fitness center, fenced dog park and landscaped courtyards with grilling areas. JLL Capital Markets co-brokered the transaction in conjunction with Capital Associates, who represented the seller, an affiliate of Capital Associates. JLL also …

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Justin Fossum
FinanceFloridaIndustry VoicesInvestment SalesNorth CarolinaSoutheastTennesseeTexas

Employment, Affordability and Growth Make These Sun Belt Markets Stand Out

by Channing Hamilton

By Justin Fossum, senior director of asset management, Hamilton Zanze In a period defined by shifting economic dynamics, demographic realignment and tightening capital markets, multifamily investors continue to seek clarity on where to find durable performance. While short-term volatility is likely to persist, certain metropolitan areas in the U.S. are demonstrating structural advantages that point to long-term outperformance. Austin, Texas; Charlotte, North Carolina; Nashville, Tennessee; and Tampa, Florida, stand out as four such markets. Each market benefits from a rare alignment of employment growth, business investment, in-migration and relative affordability, …

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Allen Ridge
FinanceInvestment SalesNewsNorth CarolinaSoutheast

Joint Venture Secures $25.4 Million Financing for North Carolina Build-to-Rent Asset

by Channing Hamilton

GREENVILLE, N.C. — A joint venture partnership between Eminent Capital and Corten Real Estate has received a $15.7 million loan and $9.7 million of joint venture equity for Allen Ridge, a 125-unit build-to-rent (BTR) community in Greenville.  Located at 1005 Allen Ridge Dr., the community features townhome-style duplex units. Allen Ridge was built in two phases, with phase I completed in 2008 and Phase II in 2023. The asset was 98.4 occupied at the time of the transaction. JLL Capital Markets helped create the joint venture partnership. JLL also worked …

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Linea
DevelopmentNewsNorth CarolinaSoutheast

Portman, National Real Estate Advisors Complete 24-Story Apartment Tower in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — Portman and National Real Estate Advisors have delivered Linea, a 24-story apartment tower located at 2161 Hawkins St. in Charlotte’s South End neighborhood. The property features 370 units, as well as 18,000 square feet of ground-floor retail space.  Apartments at Linea range from 522 to 1,723 square feet in size. Units come in studio, one-, two- and three-bedroom floor plans. The property also offers 13 penthouses. Shared amenities at Linea include concierge services such as package delivery, in-home grocery and dry-cleaning delivery and plant and cat care. …

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Jeff Furman
NewsNorth CarolinaPeople NewsSoutheast

Aventon Cos. Appoints Jeff Furman as Senior Managing Director

by Channing Hamilton

RALEIGH, N.C. — Aventon Cos., a Raleigh-based developer and general contractor, has hired Jeff Furman to the role of senior managing director. Furman will work to acquire new sites to develop new suburban apartment communities while managing existing developments. He will concentrate on the Raleigh-Durham and Charlotte metropolitan areas. Prior to joining Aventon Cos., Furman was a developer partner and the director of Raleigh operations at Northwood Ravin. He has also served as director of development for Crosland LLC. Furman graduated from the University of Texas at Austin with a Master of Science …

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Caci Jaeger
Company NewsNewsNorth CarolinaPeople NewsSoutheast

Rosewood Property Hires Caci Jaeger to Lead New Office in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — Rosewood Property Co., a Dallas-based investment and development company, has opened a new office in Charlotte. Additionally, the company hired Caci Jaeger to lead the new office as senior vice president of Carolinas. In her new role, Jaegar will manage and direct multifamily development activities throughout the region. She will also oversee the office’s operations and staff. Jaeger previously served as a partner with Charlotte-based Cedar Square. She has also held positions with LCOR Inc. and Corebridge. She earned her undergraduate degree in urban studies from Brown …

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HARMON Jefferson Village
Build-to-RentDevelopmentNewsNorth CarolinaSoutheast

Crescent Communities Breaks Ground on BTR Project in Greensboro, North Carolina

by Channing Hamilton

GREENSBORO, N.C. — Crescent Communities has broken ground on HARMON Jefferson Village, a 130-unit build-to-rent townhome community situated on 16 acres in Greensboro. The community will offer three- and four-bedroom townhomes ranging from 1,650 to 2,165 square feet. HARMON Jefferson Village is set to open in summer 2025. Residents will have access to amenities such as a pool with a pavilion and grilling station, event lawn for gatherings and trailhead access for outdoor recreation. An account managed by Heitman LLC is the equity partner on the project. The development team …

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