Landmark Companies Acquires 454-Unit MultiFamily Complex In Raleigh From Hudson Capital Properties For $106M

The transaction involved the acquisition of a multi-family asset located at 7731 & 7750 Midtown Market Avenue & 6710 Archwood Ave, Raleigh, NC. Landmark Companies purchased this 454-unit apartment complex from Hudson Capital Properties for a total of $106 million, equating to $233,480 per unit. The property is currently 93% leased and offers various amenities including pools, fitness centers, a dog park, and EV charging stations.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $106,000,000
• Units: 454
• Price Per Unit: $233,480
• Buyer: Landmark Companies
• Seller: Hudson Capital Properties
• Market: Raleigh, NC

Landmark Companies represents a significant advancement in property acquisitions with this transaction, having successfully negotiated the purchase from Hudson Capital Properties. This deal reflects the active participation of both companies in the Raleigh multifamily real estate market.