Milo Apartments, LLC Acquires 252-Unit Multifamily Community From Bob Faith Of Greystar

The property asset involved in this transaction is a 252-unit multifamily community located at 821 Hanbury Way in Raleigh, NC. This newly built development spans 8.13 acres and was completed in 2024. The units available in the property range from one to three bedrooms, with an average size of 889 square feet. The property's strategic location along the I-40 corridor is a significant feature that enhances its attractiveness in the market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 252
• Acres: 8.13
• Buyer: Milo Apartments, LLC
• Seller: Bob Faith - Greystar
• Brokers: John Mikels, John Gavigan, Chase Monroe, William Martin & McCullough Campbell - JLL

This transaction represents the transfer of ownership from Greystar to Milo Apartments, LLC, with the brokerage firm JLL Capital Markets representing the seller throughout the deal. Key individuals involved include Bob Faith representing Greystar, and various brokers from JLL who facilitated the sale.