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Westgrove
Raleigh, NC

97-Units

Property Description

Limited Partnership

$18,700,000

Limited Partnership acquisition in Westgrove.


Strong economic fundamentals in a growing market of Raleigh, NC MSA

Stabilized asset purchased at a 30% discount to market

100% of units are in classic condition

Cash Flowing on day of purchase

Strong value add opportunities

Rise48 management company

Targeted 2.01x Equity Multiple

Property Details

97-units Multifamily Apartments

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