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Multi-Employer Property Trust Pays $67.8M for 283-Unit Sojourn Lake Boone

Grubb Ventures, Walton Street Capital JV Sells 212,250-SF Luxury Apts in Raleigh
By Vicente Garces
January 25, 2018 | 6:45 P.M.

Multi-Employer Property Trust, an open-end commingled real estate equity fund based in the Washington, DC metropolitan area, acquired the 283-unit Sojourn Lake Boone in Raleigh, NC from a joint venture between Grubb Ventures LLC and Walton Street Capital LLC for $67.8 million, or approximately $240,000 per unit.

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