Olympus Property has acquired King’s Quarter at Jack Britt in Fayetteville, N.C.
King’s Quarter at Jack Britt, a 252-unit garden-style community, marks the third holding for Olympus Property in the supply-constrained market of Fayetteville.
This acquisition strategically positions Olympus as one of the largest owner/operators in the MSA.
The area has experienced explosive growth during the past few years, with a metropolitan population increase of 37.9 percent from 2016 to 2021, making Fayetteville one of the fastest-growing cities in America. Rents have been increasing at double-digit rates, far surpassing the national average of 2.6 percent. These macro-economic fundamentals support continued long-term growth at the property as well as the submarket.
“Fayetteville was just ranked amongst the top in the nation with year-over-year rent growth north of 11 percent,” said Travis Bertetto, associate director of acquisitions at Olympus Property. “Pai
