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About
About Reserve at Stillwater
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 256-unit Reserve at Stillwater apartment community located in Durham, NC. This asset is situated in the rapidly-expanding East Durham submarket. Built in 1996, Reserve at Stillwater represents an outstanding opportunity to invest in an ideally located asset with a proven value-add initiative. The property is a short distance from major employment hubs, including Treyburn Corporate Park, Downtown Durham, and the world-renowned research Triangle Park, the largest research park in the world and home to over 300 companies. The East Durham submarket is highlighted by 95%+ historical and projected occupancy and 36% rent growth since 2020, which combines well with area demographics, such as a $96K average household income and 62% white collar population. By completing the renovation program at Reserve at Stillwater, where renovated units are achieving $111+ over classic units, incoming investors can increase annual revenue by 34%+.
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