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New York Investment Firm Pays $17.2 Million for Chapel Hill, N.C. Rentals

Silver Point Group Sells 144-Unit 86 North Apartments
86 North Apartments' amenities include a fitness center, a playground, a basketball court and a volleyball court. (CoStar)
86 North Apartments' amenities include a fitness center, a playground, a basketball court and a volleyball court. (CoStar)
By Edward Breeden
CoStar Research
August 27, 2019 | 6:24 P.M.

Cedar Grove Capital, a New York-based property investment firm, purchased the 86 North Apartments complex in Chapel Hill, North Carolina, for $17.2 million, or about $178,000 per unit.

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