Prudential Real Estate Acquires Apartment Complex

DURHAM, NC-Atlanta-based Prudential Real Estate Investors, a realty investment management business, has bought a 287-unit apartment complex situated near Research Triangle Park from Charlotte-based Wood Partners for an amount of $29.5 million.

By GlobeSt News Hub | October 07, 2010 at 01:01 AM

DURHAM, NC-Atlanta-based Prudential Real Estate Investors, arealty investment management business, has bought a 287-unitapartment complex situated near Research Triangle Park fromCharlotte-based Wood Partners for an amount of $29.5 million.

The Southern Oaks at Davis Park apartment building is located at4407 Hopson Road in Durham County near the crossway of Hopson Roadand Davis Drive. It was built in 2007. Prudential paid an averageprice of $102,787 per unit. For the full story, go toTriangle Business Journal.

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