Brookline Investment Group acquired the Yorktown Club apartment complex at 2029 Bedford St. in Durham, NC from Starwood Capital Group for $23.6 million, or about $100,000 per unit.
The 236-unit multifamily community totals 342,600 square feet across 29 buildings. Starwood Capital Group recently renovated the interior and exterior of each of the buildings and installed a new HVAC system.
The CBRE team of Phil Brosseau, Kevin Kempf and Jeff Glenn represented Starwood Capital Group.
Please refer to CoStar COMPS #3095641 for more information on this transaction.