FCP has paid $48 million, or $161,616/unit, for the 297-unit Grand Arbor Reserve apartment complex in Raleigh, N.C. The Chevy Chase, Md., investment manager bought the 54-year-old property, at 2419 Wycliff Road, near Interstate 440, from an affiliate of Starwood Capital Trust, according to Wake County, N.C., records. CBRE represented Starwood in the sale. The […]

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