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Magnolia Capital Sells Raleigh Community

by multihousingnews.com posted 10months ago 65 views
HFF marketed Stonehenge Apartments on behalf of the seller, which originally purchased the property last year for $56.7 million. : Magnolia Capital has sold Stonehenge Apartments, a garden-style community in Raleigh, N.C.’s North Raleigh submarket. HFF marketed the asset on behalf of the seller, who purchased the property back in January 2017 for $56.7 million, from Ram Real Estate, according to Yardi Matrix. Located at 7303 Hihenge Court, the community offers 452 one-, two- and three-bedroom floorplans ranging from 776 to 1,501 square feet. The property is situated on 46.6 acres within North Raleigh’s master-planned Stonehenge neighborhood.

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