Landmark Cos. Acquires 456-Unit Multifamily Property In Raleigh With $42.5M Loan

The asset involved in the transaction is a 456-unit luxury rental property located at 7760 Midtown Market Avenue, Raleigh, NC. The acquisition was supported by a loan amount of $42,500,000, designated for the purpose of acquisition. The property is categorized as a multifamily asset within the Raleigh market.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $42,500,000
• Address: 7760 Midtown Market Avenue
• Market: Raleigh, NC
• Landlord: Landmark Cos.
• Broker: Mark Scott - Commercial Mortgage Capital
• Loan Type: Acquisition

The individuals involved in the deal include Landmark Cos. as the landlord, which has expanded its operations beyond New Jersey to secure this property. The financing arrangement was facilitated by Mark Scott representing Commercial Mortgage Capital, indicating the key players in this acquisition process.