CBRE Global Investors acquires 318-unit N.C. multifamily community

A fund sponsored by CBRE Global Investors has acquired a 318-unit multifamily community located in a suburb of Raleigh, N.C. A sales price was not disclosed.

The asset, known as Residences at Shiloh Crossing, is located at 3000 Dominion Ridge Circle in Morrisville, N.C., and is centrally located within the Chapel Hill, Durham and Raleigh “Triangle.” All three metros are within a 25-minute drive of the property.

Residences at Shiloh Crossing is a garden-style community that was completed in 2020 and spans six buildings with a mix of studio, one-, two- and three-bedroom apartments. Units offer high-end finishes, including stainless-steel appliances, quartz countertops, private outdoor spaces, faux wood flooring and nine-foot ceiling heights. Residents have access to an impressive amenity collection that includes a clubhouse; a resort-style pool; two outdoor fireplaces with lounge areas; grilling stations; a fitness center and yoga studio; a playground; and generous o