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Chaucer Creek Claims Waterfront Apartments in North Carolina for $65M
North Carolina-based apartment owner and manager Chaucer Creek Capital acquired Sawmill Point, a four-story, 280-unit waterfront apartment community in downtown Wilmington, NC for $65.3 million.
Built in 2017, the property consists of one- and two-bedroom floor plans. Amenities include a saltwater swimming pool, bocce ball court, fire pits and a hammock garden. The community is located at 15 Cowan St. on North Carolina’s Cape Fear River, which feeds into the Atlantic Ocean.
Alex Okulski, John Heimburger, Dean Smith, Sean Wood, Jason Kon and John Munroe of NKF represented the seller, a joint venture between The Davis Cos., Gemini Partners LLC, Capital Properties, The Wills Cos., Fideli Investments and Symphony Properties LLC., in the transaction.
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