Our Portfolio

144 Units — Raleigh

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Sommerset Place Apartments

Units: 144
Year built: 1983
Location: Raleigh, North Carolina
Submarket: North Raleigh
Acquired: December 2017
Purchase price: $14.3 million
1031 exchanges: 4
Equity invested: $6 million
CapEx budget: $1.2 million

In the News

Where are STEM jobs? Raleigh No. 5 in new index - WRAL TechWire

“Quality of life, favorable cost of doing business, and strong job markets – especially STEM jobs – are the leading indicators for healthy investment markets."

Investment Highlights

Surrounded by four world-renowned Tier 1 research universities, Sommerset Place sits in an education epicenter. This location attracts recent graduates and young professionals beginning their careers in Raleigh’s thriving job market. Its exceptional location near the Research Triangle Park provides a strong tenant base.