Updated Sep 16, 2026
Walde Enterprises Acquires 268-Unit Collins Crossing Multifamily Community In Carrboro For $31.5M
501 Jones Ferry Road
$31,500,000
Units
268
Asset Type
MultiFamily
Closing
Sep 16, 2026
About this deal
AI
The multifamily asset involved in this transaction is a 268-unit community located at 501 Jones Ferry Road in Carrboro, NC, encompassing 19 acres. The property was sold for $31.5 million, reflecting a price per unit of $117,537.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,500,000
- Buyer: Walde Enterprises
- Seller: Jeffrey Elowe - Laramar Group
- Brokers: Paul Marley, Hunter Bowling, Rhodes Marley & Laney Orr - Cushman & Wakefield
- Units: 268
- Assumed Loan Amount: Approximately $29 million
- Loan Type: 10-year Fannie Mae loan
- Loan Originated By: Berkadia Commercial Mortgage in 2019
The transaction involved key individuals including Paul Marley, Hunter Bowling, Rhodes Marley, and Laney Orr from Cushman & Wakefield, who represented the seller, Laramar Group, in this deal. Walde Enterprises was the buyer, acquiring the property through the transaction completed on September 16, 2026.
On the Map
$31,500,000
MultiFamily
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Players
Carrboro MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93