JLL, working on behalf of Taurus Investment Holdings, has secured $24 million in financing for Olde Raleigh Apartments, a 228-unit, garden-style apartment community located in Raleigh, N.C.
Olde Raleigh is located at 4000 Grand Manor Court near William B. Umstead State Park and Interstates 40 and 440, which provides residents with access around the Raleigh-Durham MSA. The property consists of a mix of one-, two- and three-bedroom floor plans with a large selection of in-home features, including gourmet kitchens with stainless steel appliances, garden tubs, custom built-ins, plank flooring, in-unit washers and dryers and private patios or balconies. Community amenities include a resort-style pool, outdoor grilling station, clubroom, fitness center, business center with conference lounge, car-care center, pet-wash station and dog park. Olde Raleigh was more than 94 percent occupied at closing.
Taurus is a global real estate private equity firm with more than 40 years of experience as a general partner, investor and operator. The firm makes strategic investments into value-add, core-plus and development opportunities.
