Emerald Forest

Posted: 3/13/2018
SOLD
320 Units
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About

About Emerald Forest

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 320-unit, 1985-built Emerald Forest apartments in Durham, NC. The property is located next door to the Research Triangle Park that plays home to over 200 companies employing more than 50,000 workers. Emerald Forest offers residents seamless access to the area’s premier dining and shopping destinations by way of Highway 54. A recent capital infusion of almost $3 million offers investors an ideal launch-pad for unit interior upgrades to escalate income. New ownership will be uniquely positioned to select from multiple go-forward value-add strategies - completing the current platform achieving $115 premiums, or pivoting to a market-supported "Value-Add 2.0" with impactful NOI growth potential of 46%.