Mauricio Gruener & Eduardo Gruener Of Momentum Real Estate Partners Acquire University Hill Apartments For $87.1M

The property asset involved in the transaction is a multi-family complex located at 3806 University Drive in Durham, North Carolina. The asset comprises 269 units and spans an area of 6.73 acres. It has a sale price of $87,100,000, resulting in a price per unit of $323,792.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $87,100,000
• Market: Durham, NC
• Units: 269
• Price Per Unit: $323,792
• Buyer: Mauricio Gruener & Eduardo Gruener - Momentum Real Estate Partners
• Seller: Hawthorne Residential Partners

The deal was executed with Mauricio Gruener and Eduardo Gruener representing Momentum Real Estate Partners as the buyers of the University Hill Apartments. The transaction reflects the strategic acquisition by Momentum Real Estate Partners in the multi-family market segment.