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Millenia Capital Acquires One At Fayetteville Multifamily For $59.52 Million With Citi Funding

Property Image
SOLD
$59,520,000

North Carolina

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MultiFamily
Sold 03/18/2025
the dealplayerscompscontact
Property Image
SOLD

Millenia Capital Acquires One At Fayetteville Multifamily For $59.52 Million With Citi Funding

MultiFamily
Sold 03/18/2025
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Sale

The property involved in the transaction is a multifamily asset located at 1025 Hirschfeld Drive, Fayetteville, NC. It consists of 264 units and was sold for $59,520,000, translating to a price per unit of $225,455. The apartment complex is reported to be 95.5% occupied and is situated near Fort Bragg, an area that has experienced a 38% population growth over the past five years.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $59,520,000
  • Buyer: Millenia Capital
  • Seller: One Real Estate Investment
  • Lender: Citi Real Estate Funding
  • Units: 264
  • Price Per Unit: $225,455

Millenia Capital, the U.S. affiliate of Honduran Grupo Terra, has successfully acquired the property through financing via a $42.2 million interest-only mortgage from Citi Real Estate Funding. The involvement of these entities emphasizes the strategic investment decisions made within the North Carolina market.

Players

One Real Estate Investment
One Real Estate Investment
SELLER
Citi Real Estate Funding
Citi Real Estate Funding
LENDER

Details

SOLD
IMAGE: 03/18/2025 ADDRESS: 1025 Hirschfeld Drive MARKET: Fayetteville, NC ASSET TYPE: MultiFamily BUYER: Millenia Capital SELLER: One Real Estate Investment LENDER: Citi Real Estate Funding SALE PRICE: $59,520,000 UNITS: 264 ~ PPU: $225,455 NOTE: Millenia Capital, the U.S. affiliate of Honduran Grupo Terra, acquired the 264-unit One at Fayetteville apartment complex in North Carolina for $59.52 million, financing the purchase with a $42.2 million interest-only mortgage from Citi Real Estate Funding. The property, which is 95.5% occupied, is positioned near Fort Bragg and benefits from a 38% population growth in the area over the past five years.

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