Turnbridge Equities Acquires 320-Unit Multifamily Asset From World Wide Group In Raleigh NC

The property involved in this transaction is a multifamily asset, specifically a 320-unit, 23-story Class A apartment tower located at 308 South Blount Street in Raleigh, NC.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 320
• Address: 308 South Blount Street
• Market: Raleigh, NC
• Buyer: Andrew Joblon - Turnbridge Equities
• Seller: Doug Reichel - World Wide Group
• Brokers: Andrea Howard, Jeff Glenn, James Dorsett, John Currin & Austin Jackson - NorthMarq

NorthMarq facilitated the sale and acquisition financing of the asset, representing the seller, World Wide Group. Financing for Turnbridge Equities was arranged through ACORE Capital, highlighting the sustained investor interest in downtown Raleigh's multifamily market.