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Brookline Investment Group Acquires Yorktown Club for $23.6 Million

CBRE Executes Deal
August 19, 2014
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.

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