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Olympus Property Adds Third Fayetteville, NC Apartment Asset
Olympus Property has acquired King’s Quarter at Jack Britt in Fayetteville, NC. The 252-unit garden style community marks the third holding for Olympus Property in the supply-constrained market of Fayetteville.
“Fayetteville was just ranked amongst the top in the nation with year over year rent growth north of 11%,” said Travis Bertetto, associate director of acquisitions at Olympus Property. “Paired with the economies of scale we will realize by owning two other assets in the market, this acquisition will be a great addition to our expanding portfolio.”
The property is situated near some of the region’s largest employers including VA Healthcare Centers, Goodyear Tire and Fort Bragg, which collectively support more than 50,000 jobs in the area. It’s also within a 20-minute commute of Amazon’s 1.3-million-square-foot fulfillment facility located on Bragg Boulevard, which is expected to open later this year.
- ◦Sale/Acquisition
