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Monument Capital Snags 196-Unit MF Property in North Carolina
Monument Capital Management, an A-Rod CORP company, acquired Brynn Marr Apartments, a 196-unit multifamily community in Jacksonville, NC. The sales price was not disclosed.
Located at 301 Village Dr., Brynn Marr Apartments is the firm’s third property as part of its latest fund, Monument Opportunity Fund IV. Built in 1975, the community consists of one-, two- and three-bedroom units, and features hardwood floors, dishwashers and range. Amenities include package services, laundry facilities, swimming pool, sundeck and courtyard.
The property is nearby Camp LeJeune, the largest Marine Corps base on the East Coast employing approximately 170,000 people. With the acquisition, Monument Capital now owns a total of 23 properties throughout the Southeast, Midwest and Texas.
Paul Marley of Cushman & Wakefield’s Multifamily Advisor Group in Raleigh represented the undisclosed seller in the transaction.
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
