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Atlanta & Southeast  + Southeast  + Apartments  |  December 3, 2019
David Cohen
By: David Cohen

Beach Investment Fund Snags 206-Unit Raleigh MF Community

Beach Investment Fund has acquired Amberwood at Lochmere, a 206-unit multifamily property in Raleigh. The sales price was not disclosed.

Howard Jenkins and Kevin Kempf of CBRE|Raleigh represented the undisclosed seller in the transaction. Additionally, CBRE’s Nate Sittema and Kristen Reilley placed a Freddie Mac loan on behalf of Beach Investment Fund.

“Raleigh boasts many accolades, including a top city for jobs and tech and best places to live,” said Jenkins, senior vice president at CBRE|Raleigh. “Buoyed by continued growth in our region’s recession resistant ‘meds & eds’ and technology fields, a millennial growth rate nearly six times the national average, a 3% unemployment rate, and relative affordability, Raleigh’s multifamily market is expected to continue to thrive.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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