Three Multifamily Properties in Triangle Sell for $80M

Source:  Business Journals

Both local and national real estate investor groups continue to take an interest in the Triangle's hot apartment market. Chaucer Creek Capital LLC of Raleigh, a group led by William McClatchey Jr. and Mark Davidson, recently closed on $9.9 million in a $10.65 million round of equity financing to acquire the Olde Raleigh Apartments community on Duraleigh Road in west Raleigh. Chaucer Creek has paid $27 million for the 228-unit Olde Raleigh community, according to Wake County records, or ...

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