Grubb Properties Secures $50.6M Construction Financing For Chapel Hill Multifamily

The multifamily property located at 100 Brandon Rd in Chapel Hill, NC has been involved in a recent closed transaction. The property spans over 70 acres and consists of 304 units. Grubb Properties is the landlord of this multifamily asset.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $50,600,000
• Units: 304
• Acres: 70
• Address: 100 Brandon Rd, Chapel Hill, NC
• Market: Chapel Hill, NC

The deal was facilitated by CBRE, with Nate Sittema, Kristen Reilley, Elliott Voreis, and Ben Hardee serving as the brokers. They represented Grubb Properties in securing construction financing for the transaction.