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Value of deal: $38.5 million
Date closed: October 8, 2002
Law firms: In-house staff
Accounting firms: in-house staff
The Triangle's apartment market may now be showing signs of some change in the ownership of local apartment complexes.
Berkshire Realty Holdings in October sold the Cumberland Cove apartment community in north Raleigh to Washington, D.C.-based Realty Investment Group for $38.5 million,
In explaining Berkshire's desire to sell the property; Frank Quinn, the operations manager at AnthonyAllenton Commercial Real Estate in Raleigh, who brokered the deal for Realty Investment, says: "What they're concentrating on are...