Pine Ridge Apartments Update 05/16/22

Boston-Based Real Estate Firm Acquires NC Multifamily for $12MM

Crest City Capital has further expanded its portfolio in the Carolinas with the recent acquisition of The Pine Ridge Apartments for $12MM. Located in Cary, NC, Pine Ridge offers 60, townhome-style residences only minutes from the city’s downtown. The apartment homes feature new shaker-style cabinets along with updated appliances and a washer/dryer in each unit. Resident amenities include an outdoor picnic area, playground, and pet walking area. Crest City Capital remains bullish on the indicators of population and employment growth, which are driving a strong market in and around Raleigh, NC.

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