Extensive experience gained in the GULF and Egypt
• Medical/Pharmaceutical Sales Representative with a solid experience gained in the U.A.E.
• Resourceful, reliable and customer-focused professional with good business sense, strong autonomy, proven leadership, the ability to train and to take charge.
• Marketing Coordinator with successful track record in marketing communication, event design and management.
Question: Why should an economic development organization consider branding?
Answer: Branding gets your community considered.
In today’s competitive marketplace, the most successful EDOs are using their brand to change the perceptions of their place. They’re ensuring their brands are relevant, truthful, and appealing to the right audiences, and most importantly, these brands are helping communities tell their stories.
Would you like to know why branding should be a priority? Have you cultivated a brand that’s known outside your community? Is it something that helps your community get considered for projects? Or maybe you’re tired of letting someone else dictate the perceptions and story of your community.
Certified economic developer focused on building a locally-based vision and implementing through coordinated public policies, strategic partnerships, supportive infrastructure, and an effective business climate. Diverse experience in the public, private and non-profit sectors. as well as, an entrepreneurial venture as a partner in a boutique consulting firm. Skilled in the prioritization of issues, resources, and the associated constituency management for collaboration with internal stakeholders and key external partners.
Extensive experience gained in the GULF and Egypt
• Medical/Pharmaceutical Sales Representative with a solid experience gained in the U.A.E.
• Resourceful, reliable and customer-focused professional with good business sense, strong autonomy, proven leadership, the ability to train and to take charge.
• Marketing Coordinator with successful track record in marketing communication, event design and management.
Question: Why should an economic development organization consider branding?
Answer: Branding gets your community considered.
In today’s competitive marketplace, the most successful EDOs are using their brand to change the perceptions of their place. They’re ensuring their brands are relevant, truthful, and appealing to the right audiences, and most importantly, these brands are helping communities tell their stories.
Would you like to know why branding should be a priority? Have you cultivated a brand that’s known outside your community? Is it something that helps your community get considered for projects? Or maybe you’re tired of letting someone else dictate the perceptions and story of your community.
Certified economic developer focused on building a locally-based vision and implementing through coordinated public policies, strategic partnerships, supportive infrastructure, and an effective business climate. Diverse experience in the public, private and non-profit sectors. as well as, an entrepreneurial venture as a partner in a boutique consulting firm. Skilled in the prioritization of issues, resources, and the associated constituency management for collaboration with internal stakeholders and key external partners.
For the past four years, Empleos and Employment, Latino community leaders, local companies and universities have organized the Ohio Diversity Latino Talent and Leadership Conference with great success. The 2012 conference brought together more than 700 professionals in attendance from all over the state of Ohio representing different industries, government and military organizations.
The 2013 conference is scheduled on October 09 at Columbus State Community College, the conference will be structured as a platform for continue education of Latinos/minorities and other professionals in the area of Recruiting, Professional Development, Business, Women and Culture.
The 2013 Ohio Diversity Latino Talent and Leadership Conference will provide sponsors, exhibitors and all attendees with an excellent opportunity to:
* Connect with a broad cross-section of the fastest-growing market in the U.S.
* Contribute to the development of this nation’s leaders
* Identify candidates for internships and/or job recruitment
* Create partnerships or help develop them
* Expand networks among profits and non-profits
* Promote collaboration and grow competencies among all attendees
* Promote Latino talent and cultural understanding
* Promote Businesses
The full day event consists of keynote addresses, presentations, and panel discussions that focus on issues related to the recruitment, mentorship, and advancement of Latinos and other minorities in the workplace.
The conference is geared towards a broad audience - companies seeking to employ Latinos and other minorities as well as potential employees wanting to learn how to access the job market and make use of their multicultural and bilingual skills. In addition, the event will provide tools and practical advice to promote leadership development, cross-cultural competency, and professional growth for all conference participants.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
MC Heights-Best Construction Company in jhanglaraibfatim009
MC Heights stands as the epitome of excellence in construction within Jhang. With a commitment to unparalleled quality and innovative design, MC Heights redefines urban living in the heart of Jhang. Offering luxurious residential spaces, cutting-edge commercial complexes, and vibrant community areas, MC Heights caters to the diverse needs of modern lifestyles. Our dedication to superior craftsmanship and customer satisfaction ensures that every aspect of MC Heights exceeds expectations, making it the premier choice for those seeking unparalleled sophistication and comfort in Jhang.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Avrupa Konutlari Yenimahalle - Listing TurkeyListing Turkey
Welcome to Avrupa Konutları Yenimahalle, where luxury living meets unparalleled convenience in the heart of Istanbul. Developed by Artaş Holding, one of Turkey’s leading construction companies, this prestigious residential project offers a contemporary lifestyle experience like no other.
https://listingturkey.com/property/avrupa-konutlari-yenimahalle/
2. 2 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOUR
Dear TAA Bus Tour Participant,
Welcome to the Triangle Apartment Association’s 2015 Spring New
Apartment Construction Bus Tour! We have an afternoon packed full of
information and networking that we hope will be both educational and fun.
Today’s event features some of Durham’s newest and most innovative
apartment communities built to date. You will have the opportunity
to tour four of these communities on our tour route allowing each the
opportunity to showcase their unique product. We know you’ll be wowed
by the construction, features and amenities, and apartment interiors
each community offers to today’s renter.
Throughout the day you will hear from bus moderators who have a
wealth of knowledge and experience about the Triangle apartment
market. From market trends and conditions to economics and
demographics impacting our geographic region to multifamily new
construction and development trends to sales and finance… we’ve got it
all covered for you in one day.
We’d like to extend a special thank you to the Bus Tour Task Force for
their work planning today’s event; along with the event sponsors for
their support.
Finally, we’d like to thank you for being a part. We hope the time
you spend here today will be a beneficial networking opportunity
that provides valuable information you can apply and share with your
associates and your company.
Now sit back, relax and enjoy your ride as we hear and see how Durham
is ‘knocking it out of the park’ in the multifamily housing market.
Regards,
Barb O’Steen
Greystar
2015 TAA President
TABLE OF CONTENTS WELCOME
2
3
4
5
7
10
12
24
WELCOME LETTER
A THANK YOU
ITINERARY & BUS TOUR ROUTE
BUS TOUR NARRATORS
DEMOGRAPHICS / EMPLOYMENT
MARKET ANALYSIS
COMMUNITY PROFILES
APARTMENT SALES ANALYSIS
WELCOME & CONTENTS
3. 3 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOURA THANK YOU
Bus Sponsors - 2015 Gold Level Visionary Partners
SPECIAL THANKS TO OUR SPONSORS, HOSTS, SPEAKERS, & NARRATORS
Host Communities
The Moore Building at West Village
Crescent Main Street
Heights at South LaSalle
300 Swift
Tour Narrators
Jeff Furman, Northwood Ravin
Jeff Glenn, CBRE
Brian Reece, Karnes
Julie Spencer, HHHunt
Reception Sponsor
Parking Sponsor
Speakers
Geoff Durham, Downtown Durham, Inc.
Courtney Duffy Coyle, Blackwell Street Management Company
Blackwell Street Management Company
4. 4 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOURITINERARY & BUS TOUR ROUTE
11:30 AM TO 12:00 PM
12:00 PM TO 1:15 PM
1:30 PM
4:45 PM TO 6:30 PM
REGISTRATION
LUNCH AT BAY 7
BUSES DEPART
RECEPTION AT BASAN
1 Moore Building at
West Village
Stop
2 Crescent Main Street
Stop
Heights at South LaSalle
Stop
3
300 Swift
Stop
4
2015 Bus Tour Guide
map prepared by:
1
2
3
4
5. 5 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOURBUS TOUR NARRATORS
Julie Spencer has been involved with the multifamily industry since 1996. Over the course of
her career she has gained experience in all aspects of apartment operations, development and
financing.
Today as Director of Business Development for HHHunt, she is responsible for identifying markets
and acquiring land for the development of market rate apartment and senior living communities throughout the Mid-
Atlantic and Southeast. She is also responsible for evaluating new investments to ensure they will meet return expectations,
and participates in the pursuit of equity and debt, including HUD insured financing.
She holds a Bachelor of Arts in Communication Studies from the University of North Carolina at Chapel Hill, has served on
the TAA Board of Directors, and participated with several committees for the Triangle Apartment Association.
JULIE SPENCER
Director of Business Development
HHHunt Properties
Brian Reece has been involved in the commercial real estate industry for over 20 years. In
addition to his research and analysis work with Karnes Research Company, Mr. Reece has been on
the opposite side of the industry while working with commercial real estate developers.
Mr. Reece joined Karnes Research in 1996 as the Director of Research Services. Mr. Reece has been in charge of the
research team tracking the Charlotte, Triangle, Triad, and Asheville commercial markets covering office, industrial and retail
properties, as well as the Raleigh-Durham apartment market. Mr. Reece has also consulted public and private sector clients
on issues such as economic development, housing, retail demand, office and industrial demand, apartment feasibility, and
demographics.
Mr. Reece is the Co-Founder of the Downtown Raleigh Living Advocates, a civic organization with over 1,000 members,
and served as its president between 2009 and 2013. Mr. Reece has also served as a committee member for the Research
Triangle Chapter of NAIOP. Mr. Reece served as the Chairman of the Raleigh City Museum between 2008-2009. Mr. Reece
has also served as a Champion Judge for the Triangle Commercial Real Estate Women (TCREW) since 2006. Mr. Reece is
a member of the Triangle Apartment Association (TAA) and has been a speaker for Triangle J Council of Governments, the
Institute of Real Estate Management (IREM), and the Triangle Apartment Association Economic Forum.
BRIAN REECE
Regional Director of Client Services / Mid-Atlantic
Xceligent / KARNES
6. 6 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOURBUS TOUR NARRATORS
As head of the Raleigh regional office and Vice President of Development, Jeff is responsible for
the development, design, construction and stabilization of Northwood Ravin’s multifamily and
mixed-use developments. Working closely with the development, general contracting and property
management teams, he has been a key contributor to the successful development of over 4,400
residential units and 800,000 sq. ft. of commercial.
Jeff is a registered Professional Engineer, licensed Real Estate Broker in Charge and LEED accredited professional.
Affiliations include ULI, GBI, USGBC and the Triangle Community Coalition. He holds a BS in Civil Engineering from NC
State and a MS in Engineering from the University of Texas at Austin.
Based in North Carolina with offices in Charlotte, Raleigh, and Tampa, Fla., Northwood Ravin has eight projects under
construction totaling $300 Million in Tampa, Atlanta, Charlotte and Raleigh with three more projects planned in Dallas,
Nashville, Tenn., and Chapel Hill, N.C.
JEFF FURMAN
Vice President, Development / Director of Raleigh Operations
Northwood Ravin
Jeff is a commercial real estate broker with twenty years of experience advising private, public
and institutional investors in the disposition, acquisition and structuring of over $2 billion of large
scale investment property. Jeff’s areas of expertise include multi-housing sales, site acquisition
and the Raleigh-Durham marketplace.
Jeff joined one of Raleigh’s largest full-service commercial real estate firms upon graduation from East Carolina with a BS
in Urban and Regional Planning in 1992 as an associate responsible for leasing and sales in his hometown of Durham, NC.
In 1994, Jeff made the transition to full-time investment brokerage upon the completion of several notable multi-housing
sales throughout the Southeast on behalf of institutional clients. Jeff quickly gained recognition as one of the Carolinas’ top
investment specialists in the mid-1990’s, adding office and industrial product to his resume.
In 1998, Property Resources was purchased by CB Commercial, later to become CBRE through a series of global
acquisitions. In 2009, in an effort to better serve institutional and private clients in central and eastern North Carolina, Jeff
was integrated into CBRE’s Southeast Multi-Housing Group. In this capacity, Jeff and his team have represented numerous
private developers, investors, and institutional owners in the purchase and sale of over $1 billion of existing property,
presales, and ground-up development in the Raleigh-Durham market.
JEFF GLENN
Executive Vice President, Investment Properties
CBRE
7. 7 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOUR
The Triangle region is known for a high quality of life, its
access to a highly educated workforce, and a healthy and
diverse economy. Durham County plays a vital role in the
region’s economy with its diverse employment base and
focus on fostering entrepreneurism and innovation. Every
day, a convergence of academia and product development
in the area of life sciences, biotechnology, and medicine, to
name a few, produce new technologies and therapies that
can and will change our way of life. The groundbreaking
discoveries occurring in Durham positively impact people
around the globe, expanding the story of Durham far beyond
its county borders.
Durham is much more than a thriving hub of innovation.
The revival of Downtown Durham, beginning with the
redevelopment of the American Tobacco Campus, has
attracted a confluence of cultural influences, which have
further defined Durham as a diverse and vibrant core for
entertainment, with inspired food offerings that will satisfy
the most persnickety palate.
The proof of Durham’s significance is also evidenced
by numbers. Year over year, the Durham-Chapel Hill
Metropolitan Statistical Area (MSA) saw a gain in nonfarm
payrolls (private sector employment) of 6,500 or a 2.3%
increase in private sector employment. The current
unemployment rate in the Durham-Chapel Hill MSA is a low
4.6%. The current estimated median income in Durham
County is a respectable $51, 276, albeit the lowest in the
three county area around Research Triangle Park, behind
Orange at $56,243 and Wake at $66,465. Between 2000
and 2010 the households in the Raleigh-Durham Combined
Statistical Area (CSA) grew by just under 160,000 and
Durham generated 21.3% of the overall growth. There are an
estimated 690,832 households in the Raleigh-Durham CSA
and it is projected to increase by 53,083 or 7.7% between
2015 and 2020. The Durham-Chapel Hill MSA alone is
projected to increase by 15,252 households or by 7%.
Sources: Sources: Bureau of Labor Statistics; Demographic
data provided by Nielsen Consumer Activation.
DEMOGRAPHICS / EMPLOYMENT
Durham County Major Employers Employees
Duke University & Health System 34,863
International Business Machines (IBM) 10,000
Durham Public Schools 4,600
GlaxoSmithKline 3,700
Blue Cross & Blue Shield of North Carolina 3,200
Durham City Government 2,437
Fidelity Investments 2,400
Quintiles Transnational Corp. 2,300
Research Triangle Institute (RTI) 2,300
Veterans Affairs (VA) Medical Center 2,162
Cree, Inc. 2,125
AW North Carolina, Inc. 2,000
U.S. Environmental Protection Agency 1,950
Durham County Government 1,720
National Institute of Environmental Health Sciences 1,372
North Carolina Central University 1,248
Walmart 1,150
Merck & Co., Inc 1,100
Lab Corp 1,000
BASF Corporation Agricultural Products Group 950
National Institutes of Health 860
Source: Durham Chamber (www.durhamchamber.org)
Durham-Chapel Hill MSA Unemployment Trends -
March Periods
7.3%
6.4%
5.2%
4.6%
2012 2013 2014 2015
8. 8 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOUR
Year-Over-Year Change - Nonfarm Payroll
115,800
80,500
50,700
36,700
34,500
22,800
18,800
9,600
7,900
6,500
Dallas-Fort Worth-Arlington, TX
Atlanta-Sandy Springs-Marietta, GA
District of Columbia
Charlotte-Concord-Gastonia, NC-SC
Tampa-St. Petersburg-Clearwater, FL
Austin-Round Rock, TX
Raleigh, NC
Charleston-N Charleston, SC
Richmond, VA
Durham-Chapel Hill, NC
March 2015 Unemployment Rate
5.9%
5.4%
5.3%
5.3%
5.2%
4.7%
4.6%
4.5%
4.0%
3.3%
Atlanta-Sandy Springs-Marietta, GA
Charleston-N Charleston, SC
Tampa-St. Petersburg-Clearwater, FL
Charlotte-Concord-Gastonia, NC-SC
Richmond, VA
Washington-Arlington-Alexandria, DC
Durham-Chapel Hill, NC
Raleigh, NC
Dallas-Fort Worth-Arlington, TX
Austin-Round Rock, TX
Total Population
1,317,131 1,261,064
1,143,516 1,141,682
1,035,725 1,015,129 1,006,083 998,488
485,310
293,077
143,201
Hillsborough Orange (FL) Travis Fairfax Montgomery Mecklenburg Fulton Wake Greenville Durham Orange (NC)
The evolution of Durham is significant and will continue
to generate economic and real estate development
as the population grows. All of these factors will fuel
demand for the high end apartment development that is
occurring and create a more diverse apartment market as
the expansion phase of the apartment market continues
in Durham’s urban core.
A snapshot of employment indicators and demographic
trends for Durham County in the context of the Raleigh-
Durham Combined Statistical Area and the Durham-
Chapel MSA (Wake, Johnston and Franklin County), with
comparisons to selected Metropolitan Statistical Areas
are provided in the following pages.
Year-Over-Year Change in Nonfarm Payroll. The Raleigh-
Durham Combined Statistical Area experienced a
gain of 25,300 nonfarm payrolls between March
2014 and March 2015. The Durham-Chapel MSA
contributed 6,500 or 26% of the total payroll gains.
Nonfarm payroll represents private sector employment
and generally is a good indicator of real employment
growth. In addition, with an unemployment rate of
4.6%, the Durham-Chapel MSA and entire Raleigh-
Durham Metropolitan area has an unemployment rate
that ranks as one of the highest in the country, and
clearly the highest among major metropolitan areas in
the southeast.
Demographic Trends. With a total population just under
300,000, Durham County is small in size as compared
DEMOGRAPHICS / EMPLOYMENT
Source: Bureau of Labor Statistics
Source: Bureau of Labor Statistics
Data provided by Nielsen Consumer Activation
9. 9 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOUR
Household Growth - Comparative Periods
384,174
278,804
189,905
178,596
141,957
124,139
59,617
52,034
33,775
422,649
Dallas-Fort Worth-Arlington, TX
Atlanta-Sandy Springs-Marietta, GA
Washington-Arlington-Alexandria, DC-VA-MD-
WV
Charlotte-Concord-Gastonia, NC-SC
Austin-Round Rock, TX
Tampa-St. Petersburg-Clearwater, FL
Raleigh, NC
Richmond, VA
Charleston-N Charleston, SC
Durham-Chapel Hill, NC
HHs 2015-20
HHs 2010-15
HHs 2000-10
2015 Estimated Median Household Income
$62,586
$59,762
$58,865
$58,706
$55,755
$52,846
$52,243
$51,413
$45,791
$92,441Washington-Arlington-Alexandria, DC
Raleigh, NC
Richmond, VA
Dallas-Fort Worth-Arlington, TX
Austin-Round Rock, TX
Atlanta-Sandy Springs-Marietta, GA
Charlotte-Concord-Gastonia, NC
Durham-Chapel Hill , NC
Charleston-N Charleston, SC
Tampa-St. Petersburg-Clearwater, FL
Total Population 21-34, % of Population 21-34
31,997
66,616
190,823
22%23%
18%
19%
22%
21%
17%
18%
25%
22%
20%
0
50,000
100,000
150,000
200,000
250,000
300,000
Hillsborough Orange (FL) Travis Fairfax Montgomery Mecklenburg Fulton Wake Greenville Durham Orange (NC)
0%
5%
10%
15%
20%
25%
30%Ages 21-34 Pop Ages 21-34 % of Total Pop
to major counties in other MSAs. Of the selected areas
shown, Hillsborough is the major County in the Tampa
MSA with the largest population. With just over 65,000
people between the ages of 21 and 34 (or those very
likely to rent), Durham County has a large share of the
population between the ages of 21 and 34, or those
very likely to rent, at 23%. Selected counties below are
in the Tampa, Orlando, Austin, Washington DC (Fairfax
VA and Montgomery MD), Atlanta, Charlotte, Raleigh-
Cary, Greenville-Spartanburg, and Durham-Chapel Hill
Metropolitan Areas (in order, as shown in the Total
Population chart).
Household Growth. The Durham-Chapel Hill
Metropolitan Statistical Area, increased by 33,775
households between 2000 and 2010 and an estimated
16,164 between 2010 and 2015 and is projected
to increase by just over 15,000 households between
2015 and 2020. Among the selected MSA’s, Durham
is a smaller area but it is only comprised of 4 counties
(Durham, Orange, Chatham, and Person Counties).
However, on a percentage basis, historical and
projected household growth rank high comparatively
with the other high growth metro areas.
Median Household Income. Durham County’s median
income is lower than that of either of the three primary
counties in the Combined MSA, but still respectable at
$51,276.
DEMOGRAPHICS / EMPLOYMENT
Data provided by Nielsen Consumer Activation
Data provided by Nielsen Consumer Activation
Data provided by Nielsen Consumer Activation
10. 10 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOUR
Completions
Submarket Sept. '14 March '15 Last 6 Mos.* Last 6 Mos.* Last 12 Mos.** March '14 March '15
Cary/Morrisville/Apex 5.7% 4.8% 281 434 1,227 $997 $1,029
North 9.3% 7.0% 0 241 604 $891 $930
Northeast 7.4% 7.9% 288 213 651 $885 $917
Northwest 7.0% 7.5% 336 223 653 $902 $947
South 12.5% 10.5% 176 248 4 $833 $859
Southwest 8.5% 11.2% 715 355 738 $933 $1,030
Total 7.6% 7.5% 1,796 1,714 3,877 $923 $968
North 10.7% 12.2% 766 526 373 $902 $997
South 6.6% 6.5% 418 413 776 $891 $931
Total 8.1% 8.6% 1,184 939 1,149 $895 $955
Carrboro 11.5% 9.6% 0 74 -120 $765 $833
Chapel Hill 5.1% 6.7% 0 -81 -36 $1,002 $1,044
Hillsborough 2.4% 3.3% 0 -6 -4 $792 $833
Total 7.5% 7.6% 0 -13 -160 $892 $945
Triangle Total 7.7% 7.8% 2,980 2,640 4,866 $913 $963
* September 2014 to March 2015 **March 2014 to March 2015
Orange
Average Weighted Rents
DurhamWake
Vacancy Net Absorption
Triangle Apartment Vacancy Trends
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
Triangle 6.0% 5.9% 5.5% 5.5% 5.9% 7.6% 7.7% 7.8%
Wake 5.7% 5.6% 5.0% 5.4% 6.5% 8.0% 7.6% 7.5%
Durham 6.4% 6.5% 6.5% 5.5% 4.7% 7.3% 8.1% 8.6%
Orange 6.7% 6.8% 5.8% 6.3% 4.3% 5.9% 7.5% 7.6%
Sept. '11 March '12 Sept. '12 March '13 Sept. '13 March '14 Sept. '14 March '15
Triangle Apartment Completion Trends (Units)
0
500
1,000
1,500
2,000
2,500
3,000
Wake
Durham
Orange
Wake 372 370 410 81 2,689 2,183 2,074 1,796
Durham 479 0 359 207 130 680 452 1,184
Orange 201 42 0 0 80 0 0 0
Sept. '11 March '12 Sept. '12 March '13 Sept. '13 March '14 Sept. '14 March '15
MARKET ANALYSIS
At 7.8%, the Triangle’s March 2015 vacancy rate was up 0.1% of a point
from the rate reported in September 2014 and was 0.2% of a point
higher than the rate reported in March of 2014. Despite the increase,
the rate remained below the high of 8.6% reported in March of 2010.
Supply-side pressure from new construction, which totaled 2,980 units
during the six-month period ending in March of 2015, was up from both
the 2,526 units delivered in the six-month period ending in September
of 2014 and the 2,863 units delivered in the six-month period ending
in March of 2014. Demand, as measured by net absorption, during the
six-month period ending in March of 2015 totaled 2,640 units and was
outpaced by supply-side pressures in the form of new unit deliveries,
resulting in the increased regional vacancy rate. Demand during the six-
month period ending in March 2015 was the highest level reported for
a fall-winter period since KARNES began tracking the market in 1996.
Completions. The completion level for the six-month period ending
in March of 2015 was the highest level reported during a fall-winter
period since 2001. Completions during the 12-month period ending in
March of 2015, which totaled 5,506 units, were down from the 5,762
units delivered over the 12-month period ending in March of 2014, but
were well above the 1,057 units delivered over the 12-month period
ending in March of 2013. The number of new units delivered over
the 12-month period ending in March of 2015 was above the 3,070
units averaged in each of the 12-month periods ending in March since
1998 and was also the third highest level ever reported by KARNES
during a 12-month period.
All but four of the eleven Triangle submarkets reported new unit
deliveries during the six-month period ending in March of 2015 with
North Durham leading the region with 766 units. All but one Wake
County submarket and all Durham County submarkets reported new
Source: KARNES
Source: KARNES
Source: KARNES
11. 11 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOUR
Units Under Units
Submarket Construction Proposed
Cary/Morrisville/Apex 1,192 1,745
North 414 1,000
Northeast 1,367 418
Northwest 450 1,402
South 0 408
Southwest 1,890 368
Total 5,313 5,341
North 609 358
South 168 949
Total 777 1,307
Carrboro 0 0
Chapel Hill 0 1,144
Hillsborough 0 0
Total 0 1,144
Triangle Total 6,090 7,792
OrangeDurhamWake
Triangle Apartment Asking Rent Trends
$500
$600
$700
$800
$900
$1,000
$1,100
All $838 $851 $873 $879 $898 $913 $937 $961
Eff. $602 $614 $630 $624 $651 $680 $735 $798
One $740 $753 $773 $780 $799 $811 $833 $864
Two $874 $886 $911 $914 $935 $953 $978 $1,002
Three $838 $851 $873 $879 $898 $913 $937 $961
Sept. '11 March '12 Sept. '12 March '13 Sept. '13 March '14 Sept. '14 March '15
Triangle Apartment Net Absorption Trends (Units)
-500
0
500
1,000
1,500
2,000
2,500
3,000
Wake
Durham
Orange
Wake 741 434 746 -131 1,695 1,013 2,163 1,714
Durham 824 -39 312 458 347 -61 210 939
Orange 1,710 424 1,153 286 2,305 795 2,226 2,640
Sept. '11 March '12 Sept. '12 March '13 Sept. '13 March '14 Sept. '14 March '15
unit deliveries during the six-month period, while no new supply
was reported in Orange County during the period. The 1,303 units
completed in Southwest Wake during the 12-month period ending
in March of 2015 led all Triangle submarkets.
Demand. The Triangle market typically experiences seasonally weaker
demand during the fall-winter leasing period. Demand during the six-
month period ending in March of 2015 totaled 2,640 units and was
above both the 795 units reported in the six-month period ending in
March of 2014 and the 286 units reported in the six-month period ending
in March of 2013. Net demand during the six-month period ending in
March of 2015 was also above the 779 units averaged in each of the
March periods over the past 10 years. Despite reporting above average
net demand during the six-month period ending in March of 2015,
historically high supply-side pressures forced vacancy rates up in the
Triangle apartment market. While the regional vacancy rate increased, it
remained below the 8.6% reported in March 2010 and was still below
the 7.9% averaged in March periods over the past 10 years. The Triangle
vacancy rate, while not near 4.6% averaged in fall-winter periods during
the 1990s, remains below from the 9.7% averaged during the 2000s.
The upcoming spring-summer leasing period is typically a seasonally
stronger leasing period. Continued supply-side pressure from projects
under construction, which totaled 6,090 units as of March 2015,
will continue to test the apartment market over the next six months.
Continued uncertainty in the housing and credit markets should,
however, help to partially mitigate supply concerns in the Triangle
market. New proposed projects, which now total 7,792 units, are
queued for construction but will likely await the response to the
significant development currently underway prior to breaking ground.
Even without construction beginning on the proposed projects during
the next 12 months, the current development pipeline of projects
under construction should be too great for seasonal demand.
Forecast. The seasonally stronger leasing period during the next six
months will likely be outpaced by increased supply-side pressures,
that is forecasted to total over 3,000 units, resulting in a increase
in the average Triangle vacancy rate. Provided seasonal demand
over the next six months is in line with the historical average for
the spring-summer leasing period, it appears likely that the vacancy
rate in the Triangle will average between 9.1% and 10.1% in
September of 2015. This will likely vary by submarket based on
supply-side pressures through new construction. It is estimated
that approximately 6,000 units will be completed during the
12-month period ending in March of 2016. This level of new supply
is forecasted to exceed average annual demand, which averaged
2,656 units between 2003 and 2014, and will result in the vacancy
rate increasing to between 10.2% and 11.2% by March of 2016.
Source: Karnes Research Company
MARKET ANALYSIS
Source: KARNES
Source: KARNES
Source: KARNES
12. 12 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOURCOMMUNITY PROFILES
Address
605 West Morgan Avenue
Durham, NC 27701
Details
Year Built: 2015
Total Units: 156
Units Proposed: 0
Units Under Construction: 0
1
THE MOORE BUILDING AT WEST VILLAGE - OVERVIEW
Description
Welcome to Moore at West Village, an upscale apartment
community in downtown Durham, North Carolina. We are
a walker’s paradise with scores of restaurants, shopping,
and nightlife all within a few blocks. We are also just a few
minutes from Duke and the Durham Freeway, with easy
access to the Research Triangle. We have five courtyards
to enjoy, as well as a pool, fitness center, outdoor kitchen,
game room, and more.
Premiums
Pool View: $30
Corner: $50
Balcony: $45 - $90
Elevator: $10
Upper Floor: $20
View: $30
Amenities
Pool Fitness Center
Clubhouse Business Center
Bus Line
Managed By Bell Partners
13. 13 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOUR
1
THE MOORE BUILDING AT WEST VILLAGE - UNIT MIX
COMMUNITY PROFILES
Name Total Units Occupancy Type Beds Baths Rental Range Square Feet
A2 5 0.0% Garden 0 1 $1292 - $1302 638
A1 15 26.7% Garden 1 1 $1197 - $1272 588
B4 18 38.9% Garden 1 1 $1207 - $1474 711
B1a 5 20.0% Garden 1 1 $1369 - $1394 716
B1b 1 0.0% Garden 1 1 $1402 - $1402 718
C1b 1 0.0% Garden 1 1 $1428 - $1428 732
C1a 1 0.0% Garden 1 1 $1423 - $1423 732
B1 45 17.8% Garden 1 1 $1408 - $1508 738
B1HC 5 0.0% Garden 1 1 $1378 - $1403 750
B2 1 0.0% Garden 1 1 $1496 - $1496 863
B2a 1 0.0% Garden 1 1 $1491 - $1491 863
B5 5 80.0% Garden 1 1 $1556 - $1591 864
B6 5 80.0% Garden 1 1 $1594 - $1614 881
B3a 1 0.0% Garden 1 1 $1546 - $1546 957
C2a 1 100.0% Garden 1 1 $1607 - $1607 958
B3 5 100.0% Garden 1 1 $1550 - $1655 963
C1 24 12.5% Garden 2 2 $1904 - $1969 1,042
C1HC 4 0.0% Garden 2 2 $1941 - $1961 1,065
C3 9 66.7% Garden 2 2 $2219 - $2264 1,265
C6 4 75.0% Garden 2 2 $2501 - $2521 1,494
Total/Average 156 29.5% - - - $1,586 842
Managed By Bell Partners
14. 14 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOUR
1
THE MOORE BUILDING AT WEST VILLAGE - PHOTOS
COMMUNITY PROFILES
Managed By Bell Partners
15. 15 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOURCOMMUNITY PROFILES
Address
704 15th Street
Durham, NC 27705
Details
Year Built: 2015
Total Units: 208
Units Proposed: 0
Units Under Construction: 0
CRESCENT MAIN STREET - OVERVIEW
Description
Welcome to extraordinary living at Durham’s newest
apartment community. Just a short walk from Duke
University, Duke University Hospital, and the bustling
activity on Ninth Street. Crescent Main Street offers
residents a retreat from the ordinary while still providing
easy access to restaurants, coffee shops, entertainment,
shopping and more. Sophisticated interior design sets the
tone for a soothing space you can call your own, while
community luxuries such as a state-of-the-art health
club with separate yoga room, resort-style saltwater pool
and outdoor fireplace, and enriching social events in the
resident lounge create an atmosphere unlike any other.
Premiums
Upper Floor: $40
1st and 2nd Floors: $20
3rd and 4th Floors: $40
Loft: $50
View: $50
Pet Monthly: $20
Amenities
Pool Fitness Center
Clubhouse Business Center
Cable TV Hot Tub
Bus Line Storage Units
Internet
2
Managed By Greystar
17. 17 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOUR
CRESCENT MAIN STREET - PHOTOS
COMMUNITY PROFILES
2
Managed By Greystar
18. 18 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOURCOMMUNITY PROFILES
Address
500 South LaSalle Street
Durham, NC 27705
Details
Year Built: 2013
Total Units: 290
HEIGHTS AT SOUTH LASALLE - OVERVIEW
Description
Discover the finest apartments in Durham, North Carolina
at The Heights at LaSalle Apartments. When you live
at The Heights at LaSalle Apartments you’re not just
close by everything you need . . . you’re already in the
neighborhood. The entire campus of Duke University is a
three-point shot away. Miniscule minutes from your front
door is the Warehouse District featuring Brightleaf Square,
the premier shopping, dining and entertainment venue in
Downtown Durham. Performing Arts venues, the legendary
Durham Bulls baseball team and other attractions abound.
Twenty minutes tops puts the world at your feet at the RDU
International Airport. And even closer is the world class
Duke Medical Center.
Premiums
Pet Fee: $300
Pet Deposit: $250
Pet Monthly: $10
Amenities
Pool Fitness Center
Clubhouse Business Center
Bus Line Internet
3
Managed By The Worthing Companies
19. 19 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOUR
HEIGHTS AT SOUTH LASALLE - UNIT MIX
COMMUNITY PROFILES
Name Total Units Occupancy Type Beds Baths Rental Range Square Feet
S2 8 100.0% Garden 1 1 $1230 - $1375 639
A1 116 94.0% Garden 1 1 $1195 - $1420 657
S1 4 75.0% Garden 1 1 $1200 - $1345 675
A2 12 100.0% Garden 1 1 $1275 - $1420 756
S3 8 100.0% Garden 1 1 $1315 - $1460 799
A4 8 87.5% Garden 1 1 $1430 - $1575 819
B1 118 94.9% Garden 2 2 $1585 - $1695 945
B4 16 81.3% Garden 2 2 $1850 - $2035 1,113
Total/Average 290 93.8% - - - $1,486 812
3
Managed By The Worthing Companies
20. 20 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOUR
HEIGHTS AT SOUTH LASALLE - PHOTOS
COMMUNITY PROFILES
3
Managed By The Worthing Companies
21. 21 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOURCOMMUNITY PROFILES
Address
300 Swift Avenue
Durham, NC 27705
Details
Year Built: 2014
Total Units: 202
Units Proposed: 0
Units Under Construction: 0
300 SWIFT - OVERVIEW
Description
Living in the desirable city of Durham is just the beginning
at 300 Swift. Once at home, residents of 300 Swift can
choose from an array of activities, from relaxing in the
saltwater pool to taking in a film in the private theater.
Premiums
Upper Floor: $100
Vaulted/High Ceilings: $175
View: $25
1st Floor: $45
Court Yard View: $25
Pool View: $50
Amenities
Pool Fitness Center
Clubhouse Business Center
Hot Tob Bus Line
4
Managed By Greystar
23. 23 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOUR
300 SWIFT - PHOTOS
COMMUNITY PROFILES
4
Managed By Greystar
24. 24 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOURAPARTMENT SALES ANALYSIS
Property City/Town Units Age Class Price P/Unit P/Ft Date
1 Heights at South LaSalle Durham 290 2013 AA $53,300,000 $183,793 $229 6/1/2014
2 Howell Street Apartments Chapel Hill 12 1970 B $2,668,000 $166,750 $210 9/18/2014
3 Tryon Place at Cary Parkway Cary 205 2013 A $32,250,000 $157,317 $264 5/1/2014
4 Waterstone at Brier Creek Raleigh 232 2014 A $32,700,000 $140,948 $122 1/3/2014
5 Carrington at Brier Creek Raleigh 270 2003 A $37,850,000 $140,185 $128 3/14/2014
6 Legacy at Wakefield Raleigh 369 2012 B $50,525,000 $136,924 $139 8/20/2014
7 Estates at Wake Forest Wake Forest 288 2013 A $37,200,000 $129,167 $123 1/3/2014
8 Crest at Brier Creek Raleigh 291 2013 A $37,500,000 $128,866 $121 6/1/2014
9 Sedgefield Park Durham 23 1982 B $2,905,000 $126,304 $155 7/1/2014
10 Evergreens at Mt Moriah Durham 268 2001 A $33,050,000 $123,321 $123 6/1/2014
Property City/Town Units Age Class Price P/Unit P/Ft Date
1 Heights at South LaSalle Durham 290 2013 AA $53,300,000 $183,793 $229 6/1/2014
2 Legacy at Wakefield Raleigh 369 2012 B $50,525,000 $136,924 $139 8/20/2014
3 The Columns at Wakefield Raleigh 324 2003 A $39,161,625 $120,869 $108 6/1/2014
4 Carrington at Brier Creek Raleigh 270 2003 A $37,850,000 $140,185 $128 3/14/2014
5 Crest at Brier Creek Raleigh 291 2013 A $37,500,000 $128,866 $121 6/1/2014
6 Estates at Wake Forest Wake Forest 288 2013 A $37,200,000 $129,167 $123 1/3/2014
7 VIllage at Broadstone Apex 300 2013 A $35,550,000 $118,500 $104 3/18/2014
8 Evergreens at Mt Moriah Durham 268 2001 A $33,050,000 $123,321 $123 6/1/2014
9 Waterstone at Brier Creek Raleigh 232 2014 A $32,700,000 $140,948 $122 1/3/2014
10 Tryon Place at Cary Parkway Cary 205 2013 A $32,250,000 $157,317 $264 5/1/2014
Top Sales Transactions by Price Per Unit (2014)
Top Sales Transactions by Total Price (2014)
Raleigh-Durham Apartment Transaction Trend 2004-2014
$400
$755
$1,063
$964 $1,032
$251
$528
$966
$1,161
$1,422
$1,984
$0
$500
$1,000
$1,500
$2,000
$2,500
1905 1905 1905 1905 1905 1905 1905 1905 1905 1905 1905
Calendar Year Totals
TransactionTotalsinMillionDollars
Raleigh-Durham Apartment Buyer Profile
2010-2014
PENSION,
$815,814,000
EQUITY FUND,
$381,875,385
REIT, $577,841,667
LIFE, $87,435,000
FOREIGN, $3,500,000
OTHER DOMESTIC,
$8,100,000
PRIVATE,
$2,910,757,905
All sales information provided by Jeff Glenn, CBRE
25. 25 TRIANGLE APARTMENT ASSOCIATION / SPRING 2015 NEW CONSTRUCTION BUS TOUR / JUNE 4, 2015
SPRING 2015 NEW CONSTRUCTION BUS TOUREVALUATION FORM
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The Moore Bldg. at West Village
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300 Swift
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