::Raleigh Apartments Sold For $17.1 Million
By Raleigh Chronicle Staff
Friday, April 13, 2007
RALEIGH - According to statements from Carlos Vigon, President of Wilshire Holdings, LLC in California, it was announced that his company completed the acquisition of The Fairway Apartments at The Links in Raleigh, North Carolina on behalf of the tenant in common owners.
The company said the deal was priced at around $17.1 million.
The group described the Fairway Apartments at The Links as a 192-unit luxury apartment community located in Raleigh.
The Fairway Apartment community is a 30 acre site surrounded by a golf course located and consists of 1-bedroom, 2-bedroom and 3-bedroom units.
According to the group, the apartments were completed in 2003 and includes a 7,000 square foot club house with an indoor pool, resort-style outdoor pool, fitness center, business center, video and book library, putting green, piano bar, tennis and volleyball courts, and two fishing ponds with fountains.
The company says that the Wilshire Holdings Investment Team was led by Eric Jaffe, Executive Vice President and Principal and financing was provided by Greg Gillam of Prudential Mortgage Capital.
Wilshire Holdings says its portfolio of commercial property has a market value of almost $100 million and is headquartered in Los Angeles, California. ::