Raleigh Multifamily Portfolio

  • Recent Acquisition
  •   967 Units
  •   Multifamily
  •   Raleigh, N.C.

Heritage acquired three strategically located multifamily properties in a joint venture with equity partner Lubert Adler in an off-market transaction that closed in June 2011. These value-add properties are located in North Raleigh (The Lakes – 600 units and Arden Woods 184 units) and Cary (Williamsburg Manor 183 units). The properties were delivered 95% occupied and the company will seek to improve value over the next three to five years by renovating units and implementing a capital improvement program.

About Heritage

Founded over 75 years ago, Heritage is a private, family-owned real estate firm providing co-investors, clients and joint venture partners extraordinary opportunities to invest in, own and extract appreciable value and investment return on real estate assets.

Principals

  • Jeffrey Greenberg
    Principal
    Oversees all disciplines involved in the acquisition, financing and leasing of Heritage’s properties.
    jeff@heritagecapitalgroup.net
  • Steven Greenberg
    Principal
    Supervises every aspect of leasing, construction & property management for Heritage’s holdings.
    steve@heritagecapitalgroup.net