BACKGROUND
As the initial investment for Blue Heron's Fund 2, in April 2015 Blue Heron acquired this 55 unit apartment project on Hillsborough St. in downtown Raleigh, NC, within walking distance of the Raleigh CBD and Warehouse District.
ACHIEVEMENTS
Created a digital media presence that was formerly missing for the property and put in place an institutional-quality property management company.
Exterior, common area, and unit interior renovations began in late 2015 and were completed by late 2018.
Property sold August 2019.
