University Village - Raleigh, NC - SOLD

 

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Raleigh, NC
Student Housing
NC State University
210
$1 Million
January 2012
10%
Cardinal Group LLC; Fundamental Advisors

University Village

SOLD - Edgewood Companies, in partnership with Cardinal Group Investments and Fundamental Advisers, purchased The U Raleigh (formally known as University Village) in January 2012. Although well located just south of NC State University with a strong amenity package, prior to acquisition the property suffered from under management and was performing below the market for similar properties.

Capital improvements and rebranding efforts have combined with expert management to improve the U Raleigh operating results. For more information about The U Raleigh, click here.



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