Two Sigma Real Estate Acquires Stonehenge Apartments In Raleigh, NC For $80M

Two Sigma Real Estate has acquired the Stonehenge Apartments, a 452-unit multifamily property located at 7303 Hihenge Court in Raleigh, N.C. The transaction, which took place on June 30, 2023, involved a sale price of $80 million, resulting in an average price per unit of approximately $176,991. The property spans 46.6 acres and is situated in the Raleigh market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $80,000,000
• Units: 452
• Price Per Unit: $176,991
• Address: 7303 Hihenge Court, Raleigh, NC
• Market: Raleigh, NC
• Buyer: Two Sigma Real Estate
• Seller: Investment bank Investcorp International Realty Inc

The Stonehenge Apartments were sold by Investcorp International Realty Inc. in this transaction. Two Sigma Real Estate, represented by their broker, successfully acquired the property.