Year in Review 2022
With the stores decorated for Christmas and shoppers rushing to get last-minute stocking stuffers, it is time to take a moment and reflect on the year that was. 2022 saw the end of a pandemic and the start of a war – England said goodbye to their queen, and NASA returned to the moon. It…
CASE STUDY: Waters Edge listing & loan services
THE PROPERTY A stabilized value add opportunity, the Waters Edge Town Apartments is a 30-unit townhome-style complex in Fayetteville, NC. The 2.84-acre four-building community was built in 1985 and is comprised of all two-bedroom units. Sitting along the Cliffdale Corridor, the property is conveniently located minutes from Fort Bragg, the Skibo Road economic corridor, and…
WATCH: For Sale: Church St. Apartments
FOR SALE New ownership will acquire a well-maintained property that offers immediate organic rent growth. This investment would benefit from an interior value-add program, providing the ability to increase rental income and attract additional residents. Property website: churchstreetnc.net Click here for all listings
NEWSLETTER: November
PORTFOLIO – 3 PROPERTIES Jacksonville, NC – 254 units PROPERTY WEBSITE LAND – 8 ACRES 2228 Applebury Lane Fayetteville, NC PROPERTY FLYER GREEN VALLEY Fayetteville, NC 45 units PROPERTY WEBSITE HAYMOUNT COURT Fayetteville, NC 32 units PROPERTY WEBSITE LANDMARK APARTMENTS Fayetteville, NC – 128 units $14,150,000 LAKESHORE GRANDE APARTMENTS Fayetteville, NC – 60…
READ: The State of the Multifamily Market and a Look Ahead to 2023
The State of the Multifamily Market and a Look Ahead to 2023 The Macro Environment As 2021 drew to a close, concerns about rising inflation and an overpriced housing market began working their way into conversations. The Federal Reserve and many industry experts assured anyone who would listen that inflation was transient – a…
NEWSLETTER: October
Open email online FEATURED LISTINGS WESTBROOK PORTFOLIO Multifamily 2 properties, 77 units Fayetteville, NC CLICK HERE CHURCH STREET APARTMENTS Multifamily 64 units Hope Mills, NC CLICK HERE Click here for all properties RECENT TRANSACTIONS SOLD! Regency Luxury Apartments $27,200,000 Units: 186 Year Built: 1996 Fayetteville, NC LOAN CLOSING! Seller & Buyer Finance Representation Waters…
READ: Inflation & Commercial Real Estate
Inflation & Commercial Real Estate Unless you have been doing a digital detox, you have been inundated with news about inflation’s impact on mortgage rates and the financial markets. To control inflation, the Federal Reserve has raised the Federal Funds Rate four times this year and is poised to increase it another 50-75 basis…
CASE STUDY: Kirkwood Place Listing
THE PROPERTY Kirkwood Place is a modern mixed-use property consisting of upscale apartments and Class A commercial space. Completed in 2017, the property provides residents with a sophisticated experience and a generous selection of amenities, including a lounge, coffee bar, and 24-hour fitness center. A short eight-minute drive from Downtown Greensboro, Kirkwood Place is located…
READ: Federal Reserve Keeps Pushing Up Rates!
Federal Reserve Keeps Pushing Up Rates! On September 21st, the Federal Reserve (Fed) raised the Federal Funds Rate by 75 basis points. The fifth increase for the year pushed the target rate from 2.25% to 3.00% – the highest rate since February 2008. The hike follows the release of August’s inflation numbers – at…
NEWSLETTER: September
Open the September newsletter online by clicking here. FOR SALE CHURCH STREET GREEN VALLEY MANOR Hope Mills, NC / 64 Units / website Fayetteville, NC / 45 Units / website AZALEA GARDENS TREETOP Jacksonville, NC / 90 Units / website Fayetteville, NC / 146 Units / website For more information on any of these…
WATCH: Bull Run Case Study
Click here to read the full case study.
WATCH: Birchfield loan closing
Watch a short 1-minute video about this successful refinance.
CASE STUDY: Keystone Apartments
THE PROPERTY The Keystone Apartments are a 202-unit garden-style multifamily complex in Fayetteville, NC. Built in 1974, the property comprises 24 buildings on a secluded 19-acre lot conveniently located adjacent to the Skibo Road Corridor. Less than 6 miles from Fort Bragg, an Amazon fulfillment center, and the Cape Fear Valley Hospital, the property…
CASE STUDY: Bull Run Apartments
THE PROPERTY The Bull Run Apartments are a 13-unit garden-style complex in Fayetteville, NC. The 2.79-acre four-building community was built in two phases, with the first two buildings completed in 1978 and the last two in 1989. Nestled in a quiet residential neighborhood, the property is nine miles from Fort Bragg and minutes from…
CASE STUDY: Wyndfall Apartments
THE PROPERTY Wyndfall Apartments are a 56-unit garden-style complex in Hope Mills, NC. The 5.15-acre seven-building community was completed in 1998 and is nestled in a quiet residential neighborhood. The property offers all 2-bedroom units, each with approximately 1,280 square feet of living space. Located within the Fayetteville MSA, Wyndfall Apartments are 15 miles…
CASE STUDY: Williamsburg Place Apartments- Property Management
THE PROPERTY Williamsburg Place Apartments is a 280-unit multifamily property in Jacksonville, NC, minutes from Camp Lejeune and the New River Air Station. Built in 2011, Williamsburg Place is a fully gated community with 12 apartment buildings, a clubhouse, and multiple garages onsite. The property offers 1-, 2-, and 3-bedroom units with upgraded interiors…