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Blue Heron Makes Record-Setting $122 Million Sale of 489-Unit Indigo Apartments in Raleigh-Durham Research Triangle Park Submarket

RALEIGH, NC - Blue Heron Asset Management announced, on behalf of its third fund, Blue Heron Real Estate Opportunity Fund III, that it has closed on the sale of the Indigo Apartments. Blue Heron was represented by NorthMarq in this transaction. The 489-unit, 2005-built multifamily community is in the Brier Creek/Research Triangle Park submarket between Raleigh and Durham, NC. Blue Heron acquired Indigo in December 2018 in an off-market transaction, and, shortly after taking ownership of the...
Brier Creek North Carolina United States Michael Eubanks Blue Heron Real Estate Opportunity Fund Brier Creek Research Triangle Park

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