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Evergreen Construction Sells Apt. Buildings in NC

American Residential Investment Acquires Ridgewood & Park Place Apts.
April 24, 2014
Evergreen Construction Company sold two multifamily communities in greater Raleigh, NC to American Residential Investments Management for $7.3 million.

Park Place Apartments is a 100-unit multifamily complex located at 107 Luxury Lane in Knightdale, NC. Ridgewood Apartments is a 50-unit multifamily building complex located at 1018 Wait Avenue in Wake Forest, NC. Both were about 97% occupied at the time of sale.

There were no representatives in this transaction.

Please see CoStar COMP #3001325 for more information on this transaction

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