Raleigh Luxury Community Changes Hands for $93.5M

A joint venture sold the 434-unit community to Heitman. Raleigh, N.C. — Federal Capital Partners and Kane Realty Corporation have sold Allister North Hills, a 434-unit luxury apartment community in Midtown Raleigh, N.C., to Heitman for $93.5 million. “Allister provides apartment living in an established, high-end residential neighborhood where there are not additional opportunities to [...]

January 8th, 2016|Conventional Multifamily, News, Raleigh, Residential|

Record Deal: California pension fund pays $93.5 million for North Hills apartments

A California pension fund that's connected to the Los Angeles County Employees Retirement Association has acquired from a North Hills partnership the 434-unit Allister North Hills apartment community in midtown Raleigh. An affiliate of LACERA has paid $93.5 million for the midtown site, according to county records, which sets a new record as the most [...]

January 5th, 2016|Conventional Multifamily, News, Raleigh, Residential|