Terry Considine Acquires Raleigh Multifamily Complex From Warren Halle For $86.5M

The Villages at Sunnybrook, a 384-unit apartment complex located at 2424 Brightcreek Falls Trail in Raleigh, N.C., was acquired by AIR Communities for $86.5 million from The Halle Cos. The property has been rebranded as the Sunnybrook Residences.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $86,500,000
• Units: 384
• Price Per Unit: $225,260
• Buyer: Terry Considine - AIR Communities
• Seller: Warren Halle - The Halle Cos
• Date: 02/26/2024
• Market: Raleigh, NC

AIR Communities represented by Terry Considine successfully completed the acquisition of The Villages at Sunnybrook. On the other side, Warren Halle, from The Halle Cos, facilitated the sale of the 384-unit apartment complex. This transaction marks a significant deal in the multifamily real estate market of Raleigh, N.C.