The partnership is an open-ended fund that was formed to create a long-term vehicle for core multifamily investment and will acquire a portfolio of income-generating multifamily properties located in high-growth Southeastern US markets.
Target asset characteristics include Class A garden and mid-rise communities built within the past four years, with a focus on stabilized or near-stabilized opportunities. The partnership seeks well-constructed properties with top-quality finishes and amenities.
“Multifamily real estate performance correlates positively with population and job growth, and by investing in high-growth markets, properties acquired by this fund could benefit from submarket growth that is stronger than the national average,” said Ari Abramson, CRC’s VP of acquisitions. “We believe multifamily properties benefit from attractive long-term supply/demand dynamics, and current multifamily fundamentals are strong.
Photo: CRC-owned The Flats at Ballantyne, Charlotte, NC courtesy Continental Realty Corporation
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.