Blue Heron Asset Management has paid $76 million, or $253,333/unit, for the 300-unit LangTree Lake Norman apartment property in the Charlotte, N.C., suburb of Mooresville, N.C. The Raleigh, N.C., investment manager, which pursues value-add opportunities involving apartment and mixed-use properties in the Southeast, particularly North Carolina, bought the 11-year-old property from its developer, Langtree Development […]

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