Stonewood Apartments purchased in North Carolina

GMH Capital Partners on Wednesday announced it recently represented the owner in the sale of Stonewood Apartments, a 100-unit apartment complex located in Durham, N.C. The value of the transaction was $3.9 million. The complex, which consists of 11 two-story buildings and a clubhouse on 11.6 acres, was 93 percent occupied at the time of sale. Neither the buyer nor the seller's identity was disclosed. "Stonewood's location near Durham Regional Hospital, Northgate Mall, and Duke University made this a very attractive property for investors," said David Forrest, senior vice president of investment sales for GMH. Newtown Square, Pa.-based GHM Capital Partners provides integrated investment and asset services to real estate investors, institutions, and developers in most primary and secondary markets across the United States. ...

Comments

Post a Comment

Popular posts from this blog

Winston Peters accused of 'race-baiting' attack on Chinese air crew

Image
New Zealand First leader Winston Peters is being accused of "race-baiting" over an attack on Chinese airline crew moving into a former special housing area that was designed to help solve Auckland's housing crisis . In a statement headed " Mt Albert state housing land now in Chinese hands", Peters said some of the former Housing NZ land at 98-130 Haverstock Rd in Sandringham "went to China Southern Airlines people from China and not to ease the housing shortage for Auckland residents". He attached a photo showing a banner in front of a house saying in Chinese and English: "Warmly welcome the leadership from Aviation Services Department to China Southern Airlines Crew Apartment in Auckland, New Zealand." The property was given Special Housing Area status in May 2014, with a requirement 10 per cent of homes must be "affordable. These areas were disestablished when the new Auckland Unitary Plan came into force last Septe...
Read more

Atlanta time travel made possible through photo collection

Atlanta is a city of change, with construction constantly reshaping the urban realm. Buildings rise, buildings fall, and as the population of the city grows, so too has the skyline. Now, RentCafe has assembled 10 amazing, interactive “then-and-now” photos to highlight how Atlanta has been reshaped over the last 150 years. While some scenes are hardly recognizable, others illustrate how the city has actually saved some of its oldest structures. Off to the visual journey: ^ The first view is of Margaret Mitchell Square at the intersection of Peachtree and Forsyth Streets in the heart of downtown. The Candler Building in the background still stands today and is being converted into a hotel, while the narrow tower in the foreground of the 1938 image was reduced to just three stories to prevent its collapse during construction of Peachtree Center MARTA Station , which sits below the site. ^ Nothing remains today from this view of Whitehall Street in 1864. Now known as Peachtree, the road...
Read more

Questions on immigration, race follow Trump to Arizona - 3TV

By JULIE BYKOWICZ Associated Press WASHINGTON (AP) -- Trying to recapture the Republican fervor that helped put him in office, President Donald Trump travels to Yuma, Arizona, on Tuesday to visit the nation's southern border and to Phoenix to rally thousands of supporters in a state where he's trashed both Republican senators. The two-day trip, which also includes a stop in Reno, Nevada, to speak to veterans at an American Legion conference , marks his farthest journey west since taking office in January. [RELATED: Arpaio says he wasn't invited to Trump rally in Phoenix] [RELATED: Gov. Ducey to skip Trump rally in Phoenix, VP Pence to attend] [CONTROVERSIAL VISIT: Some protesters registering for Trump rally but don't plan to attend] It comes at a politically turbulent time for the president. On Monday night, he addressed the nation about his decision to maintain a U.S. presence in Afghanistan, an action at odds with his repeated promises on the campaign trail to end...
Read more