Charlotte-based Blue Heron Capital LLC has acquired Pine Winds Apartments in Raleigh. The real estate investment company paid $13.9 million for the 216-unit multifamily community.
The purchase demonstrates the company's confidence in the Triangle market, said Blue Heron managing partner John Trotter in a statement.
"Raleigh is projected to lead the nation in job growth and we are excited about the opportunity to enter the market with the acquisition of Pine Winds," he said.
Blue Heron owns and operates properties in Mooresville and Columbia, S.C.
Tuesday, May 29, 2012
Blue Heron Capital buys raleigh apartment complex
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