Login

Chaucer Creek, Drake Capital Snap Up Durham Apartment Complex for $40 Million

Brown Investment Properties Sells 264-Unit 54 Station
54 Station was built in early 2018. Photo: CoStar
54 Station was built in early 2018. Photo: CoStar
By Greg Gallimore
CoStar Research
February 4, 2019 | 9:43 P.M.

A joint venture between Chaucer Creek Capital Group and Drake Capital LLC purchased a recently built Durham apartment complex, dubbed 54 Station, for $40 million, or about $152,000 per unit.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE