Turnbridge Acquires Raleigh Apartments, Upgrades on Way
Turnbridge Equities acquired the 320-unit Skyhouse Raleigh, a multifamily community in downtown Raleigh. ACORE CAPITAL provided a $62 million first mortgage on the property. Equity for the transaction was provided by Turnbridge. Northmarq brokered the sale and arranged the debt…
Turnbridge Equities acquired the 320-unit Skyhouse Raleigh, a multifamily community in downtown Raleigh. ACORE CAPITAL provided a $62 million first mortgage on the property. Equity for the transaction was provided by Turnbridge. Northmarq brokered the sale and arranged the debt…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine commercial real estate acquisition with standard financing and no novel structures or broad market impact, relevant mainly to the parties involved.