Real estate investment firm URS Capital Partners has completed an all-cash purchase of a distressed multifamily property near Wilmington, North Carolina, that has seen vacancies balloon as the property’s value plummeted nearly $10 million over the past two years.
Wilmington, North Carolina, property sells at $10 million discount to 2022 price
Market property values have fallen more than 13% in two years after record-setting rent growth
By Jon Leckie
CoStar News
October 28, 2024 | 9:08 P.M.
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IN THIS ARTICLE
- Properties
- Flats at Leland
114 Parsley Ln, Leland, NC
- Companies
- Valor Residential Group
Real Estate