[New post] Community Preservation Pays $26Mln for Affordable-Housing Property in Raleigh, N.C.

Dan Moynihan posted: "Commercial Real Estate Direct Staff Report Community Preservation Partners has paid $26 million, or $114,035/unit, for the Chandler Ridge Apartments, a 228-unit affordable-housing property in Raleigh, N.C. The Irvine, Calif., developer, which specia" New post on Commercial Real Estate Direct Community Preservation Pays $26Mln for Affordable-Housing Property in Raleigh, N.C. by Dan Moynihan Commercial Real Estate Direct Staff Report Community Preservation Partners has paid $26 million, or $114,035/unit, for the Chandler Ridge Apartments, a 228-unit affordable-housing property in Raleigh, N.C. The Irvine, Calif., developer, which specializes in affordable properties, bought the complex from an affiliate of WAJ Management of Raleigh. It's planning on a full renovation. To fund […] Read more of this post Dan Moynihan | November 30, 2021 at 12:53 pm | Categories: General News | URL: https://wp.me/pcdE10-2jEh 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/2021/11/30/community-preservation-pays-26mln-for-affordable-housing-property-in-raleigh-n-c/