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

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.