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2814 Manorcrest Court, Raleigh, NC


Exited & Realized

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Anderson Flats is a 182-unit, high-density surface parked multifamily development located between the highly desirable submarket of North Hills and downtown Raleigh.The area immediately around the community is predominantly residential, but abundant retail options and offices are within a mile or less. The community consists of three separate buildings delivered in phases at the end of 2016 and early 2017. The investment thesis was to develop a dense, surface parked community that could achieve economies of scale and justify best-in-class apartment finishes and amenities. The location offers easy access throughout the Triangle, along with proximity to affluent residential neighborhoods and popular retail.