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Eller Capital and DRA Advisors Completes $100 Million Disposition of Apartment Portfolio Across Multiple Markets in Carolinas

CHAPEL HILL, NC - Eller Capital Partners, a private equity real estate investment firm with specialized experience in multifamily acquisitions, renovation, and asset management, announced today the disposition of the Apartments at Midtown 501, 248-units in Chapel Hill, NC and Alta Surf Apartments, 216-units in Myrtle Beach, SC. The assets were each owned by Eller in partnership with a fund managed by DRA Advisors, a New York-based real estate investment manager. The Apartments at Midtown 501...
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TerraCap Management Acquires 346-Unit The Lex at Brier Creek Apartment Community in The Raleigh-Durham Submarket of Morrisville

MORRISVILLE, NC - TerraCap Management, a privately held investment firm with its headquarters in Naples, Florida, announced the acquisition of The Lex at Brier Creek, a 1999-built, 346-unit apartment complex located in the Brier Creek neighborhood in Morrisville, NC. This acquisition will be TerraCaps second, large scale multifamily acquisition in the Raleigh-Durham metro area this year. The firm continues to increase their investment in the Raleigh-Durhammarket, as TerraCap previously closed...
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Harbor Group acquires $309M multifamily portfolio

Harbor Group International (HGI) has acquired an eight-property multifamily portfolio for a JV of McDowell Properties and Angelo Gordon for $309 million. Know as The Southern Piedmont Portfolio, the package includes 2,322 units spread across suburban submarkets in North Carolina and Virginia. HGI plans a $13 million capital expenditure program to upgrade and modernize the properties, which has an average vintage in the early 1990s, with about 71 percent of the garden-style units featuring class...
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Upside of Maybe releases EP, full-length album in the works

Article content Michael Bannerman, the lead singer of Upside of Maybe, has tried to find the positives for his band during the pandemic. โ€œI think a lot of musicians I know have been home so much theyโ€™re just writing songs like crazy, and they have a lot of material,โ€ the Stratford frontman said. We apologize, but this video has failed to load. Try refreshing your browser. Upside of Maybe releases EP, full-length album in the works Back to video That includes Bannerman and his brother an...
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