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Matheson Capital Acquires Chateau Apartments In Carrboro For $32.8M From Magma Equities

Property Image
SOLD
$32,800,000

North Carolina

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MultiFamily
Sold 07/07/2025
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Property Image
SOLD

Matheson Capital Acquires Chateau Apartments In Carrboro For $32.8M From Magma Equities

201 North Carolina Highway 54

See Similar Deals
MultiFamily
Sold 07/07/2025
the dealplayerscompscontact
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Summary

NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved a multi-family asset located at 201 Highway 54 Bypass in Carrboro, NC. The property features 168 units and was sold for $32,800,000, resulting in a price per unit of $195,238. Financing for the acquisition was facilitated through a $14 million Freddie Mac loan, which is set to mature in 2030.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $32,800,000
  • Buyer: Matheson Capital
  • Seller: Magma Equities
  • Lender: Freddie Mac
  • Number of Units: 168
  • Price Per Unit: $195,238

Matheson Capital plans to participate in North Carolina's affordable housing tax program and intends to renovate the common areas of the 1969-built community, Chateau Apartments, contributing to the property's ongoing development and enhancement.

Players

ME
Magma Equities
SELLER
Freddie Mac
Freddie Mac
LENDER

Details

SOLD
IMAGE: 07/07/2025 ADDRESS: 201 Highway 54 Bypass MARKET: Carrboro, NC ASSET TYPE: MultiFamily BUYER: Matheson Capital SELLER: Magma Equities LENDER: Freddie Mac SALE PRICE: $32,800,000 UNITS: 168 ~ PPU: $195,238 NOTE: Matheson Capital bought Chateau Apartments in Carrboro, N.C., for $32.8M, financing with a $14M Freddie Mac loan set to mature in 2030. The new owner plans to participate in NC’s affordable housing tax program and renovate common areas of the 1969-built, 168-unit community.

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