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California Investor Expands North Carolina Portfolio With $50 Million Purchase in Durham

Magma Equities to Renovate Independence Park Apartments, But Will Suspend Plans to Help Keep Tenants Housed
Independence Park was built in 2008 and spans 13 buildings. (CoStar)
Independence Park was built in 2008 and spans 13 buildings. (CoStar)
By Brennan West
CoStar Research
May 13, 2020 | 10:00 AM

California investment firm Magma Equities continues its buying spree in the Tar Heel State with its latest purchase in Durham.

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