[New post] Hercules Living Buys Durham, N.C., Apartments for $104Mln

Dan Moynihan posted: "Commercial Real Estate Direct Staff Report Hercules Living has paid $104 million, or $301,449/unit, for the 345-unit Reserve at Patterson Place apartment property in Durham, N.C. The Virginia Beach, Va., multifamily specialist bought the property fr" New post on Commercial Real Estate Direct Hercules Living Buys Durham, N.C., Apartments for $104Mln by Dan Moynihan Commercial Real Estate Direct Staff Report Hercules Living has paid $104 million, or $301,449/unit, for the 345-unit Reserve at Patterson Place apartment property in Durham, N.C. The Virginia Beach, Va., multifamily specialist bought the property from Duck Pond Realty Management of Melville, N.Y., which had purchased it last year for $80.2 million. Newmark brokered the […] Read more of this post Dan Moynihan | October 29, 2021 at 2:43 pm | Categories: General News | URL: https://wp.me/pcdE10-2jhT Unsubscribe to no longer receive posts from Commercial Real Estate Direct. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://crenews.com/2021/10/29/hercules-living-buys-durham-n-c-apartments-for-104mln/