Knightvest has entered the Raleigh, N.C., multifamily market, acquiring Hawthorne at the Trace, a garden apartment community located at 8224 Green Lantern St. in Raleigh.
Hawthorne at the Trace was built in 1995 and encompasses 237,440 square feet on 15.43 acres. The 250-unit property features 9-foot ceilings, mature landscaping, a recently remodeled Clubhouse, HUB Package Lockers, an upgraded fitness center, business center, outdoor lounge with picnic area, and recently expanded pool.
The property comes with a value-add opportunity for new ownership to expand upon the renovation program to include high-end finishes in the apartments, adding more in-unit amenities, and extend private outdoor spaces for residents.
Hawthorne at the Trace provides convenient accessibility throughout Raleigh (and the greater Triangle market) as it is close to Raleigh’s busiest transportation arteries of Interstates 40, 440 and 540, as well as critical area connectors in Glenwood
