Olympus Property Acquires Multifamily Property In Raeford, NC For $41.9M

The multifamily property located at 9000 Stone Gate Drive in Raeford, NC has been sold in a recent transaction. The property consists of 192 units, with a sale price of $41,900,000. This translates to a per unit price of $218,229. The buyer of the property is Olympus Property, while the seller is Maxus Realty Trust. Capstone Apartment Partners represented both parties in the deal with brokers Caleb Troop, Alex McDermott, Austin Green, Thomas Colaiezzi, Jourdan Sullivan, and Travis Cundiff.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $41,900,000
• Units: 192
• Price Per Unit: $218,229

In this transaction, Olympus Property acquired the multifamily property located at 9000 Stone Gate Drive in Raeford, NC from Maxus Realty Trust for a total price of $41,900,000. The property consists of 192 units, resulting in a per unit price of $218,229. The deal was facilitated by Capstone Apartment Partners, with brokers Caleb Troop, Alex McDermott, Austin Green, Thomas Colaiezzi, Jourdan Sullivan, and Travis Cundiff representing the parties involved.