Arbor Creek

Posted: 6/13/2017
SOLD
280 Units
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Arbor Creek
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Arbor Creek
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Arbor Creek
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Arbor Creek
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Arbor Creek
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Arbor Creek
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Arbor Creek
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Arbor Creek
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Arbor Creek
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Arbor Creek
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Arbor Creek
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Arbor Creek
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Arbor Creek
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Arbor Creek

About

About Arbor Creek

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Arbor Creek, a 280-unit, 1969-built garden apartment community located in Raleigh, NC. Conveniently situated in the Cary submarket of the explosive Raleigh-Durham MSA, Arbor Creek provides tenants with close proximity to the area’s premier retail destinations and economic drivers, and a highly sought after school system. Additionally, the submarket’s projected rent growth and occupancy rates of 13% and 97%, respectively, will complement property performance for years to come. With over $3 million in CapEx recently completed, Arbor Creek is a low-maintenance, clean asset with two different levels of proven value-add that have potential to increase annual NOI up to 15% upon completion.