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Frontier Communities Acquires Multifamily Complex

Private Investor Sells Fox Ridge Manor Apts. for $7 Million
July 25, 2014
Frontier Communities acquired the 165-unit Fox Ridge Manor Apts. in Raleigh, NC, from a private investor for $7 million, or about $42,400 per unit.

The 185,150-square-foot apartment community was built in 1972 and consists of 137 two- and three-bedroom units.

Please see CoStar COMPS #3068193 for more information on this transaction.

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