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Summit Walia Of The RMR Group Acquires Arium At Perimeter Park From Bluerock Real Estate For $62M

Property Image
SOLD
$62,000,000

North Carolina

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MultiFamily
Sold 08/26/2025
the dealdetailscomps
Property Image
SOLD

Summit Walia Of The RMR Group Acquires Arium At Perimeter Park From Bluerock Real Estate For $62M

1001 Carrington Park Circle

See Similar Deals
MultiFamily
Sold 08/26/2025
the dealdetailscomps

Summary

NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involves a multi-family asset located at 1001 Carrington Park Circle in Morrisville, NC. The property is a 266-unit apartment complex that was sold for $62,000,000, equating to a per-unit price of $233,083.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $62,000,000
  • Buyer: Summit Walia - The RMR Group
  • Seller: Bluerock Real Estate
  • Units: 266
  • PPU: $233,083

Bluerock Real Estate acquired the property for $52,000,000 five years prior to this transaction. The RMR Group plans to invest an additional $7,000,000 in upgrades and is focusing on the Triangle market under its Arium multifamily brand.

Players

The RMR Group
The RMR Group
BUYER
The RMR Group
The RMR Group
BUYER

Details

SOLD
IMAGE: 08/26/2025 ADDRESS: 1001 Carrington Park Circle MARKET: Morrisville, NC ASSET TYPE: MultiFamily BUYER: Summit Walia - The RMR Group SELLER: Bluerock Real Estate SALE PRICE: $62,000,000 UNITS: 266 ~ PPU: $233,083 NOTE: RMR Group paid $62M for Arium at Perimeter Park, a 266-unit apartment complex near Raleigh, NC, from Bluerock Real Estate, which bought it for $52M five years ago. RMR plans $7M in upgrades and is targeting the Triangle market for growth under its Arium multifamily brand.

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