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DURHAM, N.C. — Federal Housing Solutions has purchased the 192-unit Hardee Terrace apartments for $8.4 million. Built in 1967 and extensively renovated in 2014, the property was approximately 92% occupied at the time of sale. The seller, VTT Management, had invested more than $2 million in renovations and deferred maintenance. The complex’s amenity package includes a playground, fitness center, and laundry facilities. Andrew Klenk and John Ackiss of Capstone Apartment Partners represented the seller in the transaction.

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Q2 2020 Atlanta Market Report from Capstone Apartment Partners

Capstone Apartment Partners is pleased to share our Q2 2020 market report for Atlanta, GA. The content of the report aims to quantify the effects of the COVID-19 pandemic on the multi-family apartment sector. Click below to view the most recent report. We hope that you find this report useful and insightful! Click Here to […]

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Jul

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