MIAMI, FL – Atlantic | Pacific Companies (A|P), via their fund, Blue Atlantic Partners II, has acquired Harrison Grande, a 319-unit multifamily property in the sought-after city of Cary, North Carolina. The purchase marks A|P’s re-entry into the North Carolina market.
Greg Ward, Chief Investment Officer of the fund, remarked “Diving into the North Carolina market represents a continuation of our strategic mission to acquire assets in locations with strong demographics and high barriers to entry.”
Harrison Grande is located in the heart of Cary, NC within minutes of downtown Raleigh, Research Triangle Park, SAS Institute campus and Cary Towne Center. A|P plans to leverage the property’s irreplaceable location by undertaking a significant value-add program including the renovation of the leasing office and clubhouse, exterior painting/roofing, and landscape enhancements. Furthermore, unit upgrades, including shaker-style cabinets, granite countertops, stainless appliances, and hardware/flooring upgrades will take place throughout the property.
Atlantic | Pacific Management (A|P Management), the property leasing & management platform under A|P, will handle all property management responsibilities for the property.
For more information about A | P Companies and its array of real estate services including development, property management, affordable housing, and construction, visit www.apcompanies.com or call (800) 918–1145. Follow A | P on Facebook (@AtlanticPacificCompanies), Instagram (@APCompanies) and Twitter (@APCompanies).