Forest Edge Townhomes

Posted: 8/28/2017
SOLD
134 Units
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Forest Edge Townhomes
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Forest Edge Townhomes
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Forest Edge Townhomes
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Forest Edge Townhomes
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Forest Edge Townhomes
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Forest Edge Townhomes
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Forest Edge Townhomes
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Forest Edge Townhomes
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Forest Edge Townhomes
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Forest Edge Townhomes
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Forest Edge Townhomes
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Forest Edge Townhomes
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Forest Edge Townhomes

About

About Forest Edge Townhomes

Offers due:  Tuesday, October 3, 2017

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Forest Edge Townhomes, a 134-unit townhome community in Raleigh, NC. Built in 1986 and recently renovated, the property is positioned in a rapidly expanding MSA - projected to post 19% population growth through 2022. The property’s submarket boasts impressive schools and economic fundamentals as rent growth and occupancy are expected to outpace the broader metro. Residents enjoy seamless access to top employment and retail centers as the asset is barbelled by Garner, NC and the booming Downtown Raleigh. Given the over $1.2 million of CapEx recently completed, investors have the chance to obtain a clean, all-townhome property with the prospect to boost NOI +12% through completion of a well-established value-add program.