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January 10, 2018  


North Carolina Apartment PropertyA Blackfin Real Estate partnership last week paid $28.1 million for a 502-unit apartment complex in Westborough, N.C. The deal, brokered by Marcus & Millichap and Triad Commercial Properties, valued the Class-B Westborough Apartments at $56,000/unit. The seller was Mid-Cap Advisors of New York. The property, which is 95% occupied, is at 5939 West Friendly Avenue, some 25 miles east of Winston-Salem. Blackfin, of...

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