Raleigh-Durham apartments sold for record $ 122 million by Blue Heron, a Raleigh-based real estate investment firm


The transaction was closed on 12 octobere, 2021, at the price of $ 121.9 million, resulting in the largest achievement in Blue Heron history, the largest single-property conventional multi-family transaction in North Carolina so far in 2021, and the largest in Raleigh-Durham always up to date.

“Our experience at Indigo is a testament to building strong business plans, executing, building partnerships and operating in dynamic growing markets. We could not be more proud of our team who have provided exceptional property results for our residents and investors, ”said Michael eubanks, partner of Blue Heron. “We would like to express our deepest gratitude to everyone we have worked with throughout the process and who have contributed to this success.”

About Blue Heron Asset Management

Blue Heron Asset Management, based in Raleigh, North Carolina, is a management and development company for private real estate investments. The company invests primarily in multi-family / mixed-use properties in the high growth markets of the Southeastern US, with a strong focus in Raleigh-Durham and Charlotte, North Carolina.

Blue Heron’s track record demonstrates a disciplined, focused company committed to strong real estate fundamentals, and which serves as a caring and responsible manager of the real estate and the communities in which it invests.


SOURCE Blue Heron Asset Management

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