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Atlanta & Southeast  + Southeast  + Apartments  |  August 5, 2020
David Cohen
By: David Cohen

Banner Real Estate Sells 224-Unit Apartment Property in Raleigh

JLL has arranged the sale of The Lincoln, a 224-unit, mid-rise apartment property in Raleigh. Jeff Glenn, Andrea Howard, Allan Lynch, Caylor Mark and John Currin of JLL represented the seller, Banner Real Estate Group, in the transaction. The sales price was not disclosed.

Located at 408 E. Hargett St., the property was completed in 2015 and sits on two acres in Raleigh’s historic Moore Square District. Units average 759 square feet and include modern features such as wood-style flooring, granite countertops, oversized windows, GE stainless steel appliances and walk-in closets. Amenities include a pool and sundeck and well as an outdoor fireplace with entertainment areas.

Roger Edwards and Matthew Schoenfeldt of JLL secured debt financing on behalf of the buyer, who was undisclosed.

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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