RALEIGH, NC-CREF Tribute LLC, a firm associated with Hartford, Connecticut-based Conerstone Real Estate Advisors LLC, has purchased The Tribute, a 359-unit apartment property in north Raleigh, for an amount of $55.85 million. The apartment complex was sold by Richmond, Virginia-based DCO Glenwood Urban LP.
The Tribute apartment complex, constructed in 2010, is situated on a 24-acre land off Glenwood Avenue. The tax value of the complex is $42 million. For the full story, go to Triangle Business Journal .
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