Goldman Sachs Merchant Banking Division has acquired Tradition at Stonewater, a 351-unit, suburban, garden-style apartment community in Cary, N.C.
JLLÂ marketed the property on behalf of the seller, an affiliate of Banner Real Estate Group.
Tradition at Stonewater is located at 12000 Wisdom Drive near major employment centers such as Research Triangle Park and Duke University & Medical Center. Completed in 2009, the institutionally maintained property is 96 percent leased and includes 351 units averaging 1,016 square feet. Community amenities include a resort-style, saltwater swimming pool, outdoor lounge, screened-in summer kitchen, fitness center, theater room, business center and gated dog park.
