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Carver Pond Apts. Trade for $12.3 Million

VTT Management Secures Bridge Financing for 256-Unit Property
By Laurie Forbes
January 25, 2013 | 10:27 P.M.

VTT Management purchased the Carver Pond Apartments at 3801-4001 Meriwether Drive in Durham, NC, to First Market Properties for $12.3 million or $48,047 per square foot. The buyer secured a $12.1 million bridge loan for the 256-unit residential complex through UC Funding.

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