Newmark Brokers $49M Sale of Metro Raleigh Apartment Community,Southeast Atlanta

Newmark has arranged the $49.4 million sale and $35.8 million Freddie Mac financing of The Reserve at Cary Park, a 240-unit, four-story apartment community in Cary, N.C. Built in 2007, the community is located at 2000 Cary Reserve Drive and consists of a mix of one-, two- and three-bedroom floorplans. The new owners of the property, The Connor Group, plan to implement a high-end interior…

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