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.

Get a
Property Value Analysis

Join Our Mailing List


Capstone Closes $16.9 Million Sale of 299-Unit Apartment Community in Greensboro, NC

Capstone Apartment Partners has closed the $16.9 million sale of Brannon Park: a 299-unit garden-style apartment community in the Northeast Greensboro submarket, situated within one mile of two grocery stores, several restaurants, and retail outlets. The tree-lined property sits on nearly 24 acres, with 13 three-story apartment buildings nestled around a small lake.



Read More