DURHAM, NC-Residential LLC, with bases of operation in Oakton, VA and Austin, TX, has acquired the 356-unit Tapers multifamily property at 4720 Dansey Dr. Mission plans to rename the 44-building property to Mission Capital Crossing.

Terms of the deal were not disclosed. Rick Shinberg, of Bethesda, MD-based First Capital Realty, brokered the deal. Built in 1983, it includes one-, two- and three-bedroom units and 24 townhomes. It features a clubhouse, two swimming pools, two tennis courts and a sport court and fitness center. The occupancy level at the time of the sale was in the mid-90s.

The property is located just east of Capital Boulevard (US Route 1.) “This property is directly south of Triangle Town Center is an area that is experiencing growth,” Mission Residential managing principal David Wieland tells GlobeSt.com. “It was previously owned by an institutional investor so it’s in great condition.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.