Dinerstein Cos Acquires Manor Six Forks Multifamily In Raleigh, NC With $59M Loan

The 298-unit Manor Six Forks apartment property in Raleigh, North Carolina has been acquired by Dinerstein Cos. for $74.3 million, with the support of a $59 million mortgage financing provided by Mesa West Capital. The multifamily property is located at 900 E Six Forks Rd in Raleigh, NC.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $74.3 million
• Units: 298
• Lender: Mesa West Capital
• Landlord: Dinerstein Cos
• Loan Amount: $59,000,000
• Loan Type: Acquisition
• Loan Terms: Five-year loan

Mesa West Capital, represented by Brian Hirsh, has provided a $59 million mortgage financing to support Dinerstein Cos.' acquisition of the Manor Six Forks apartment property. The transaction marks an important milestone in the real estate market in Raleigh, NC, demonstrating continued investment and growth in the multifamily sector.