BACKGROUND

Via a long-standing local relationship, Blue Heron was able to negotiate, off-market, the acquisition of the Indigo Apartments – 488 units in Raleigh-Durham, NC. Indigo is located six miles from downtown Durham, 15 miles from downtown Raleigh, five miles from RDU airport, and in the heart of Research Triangle Park, the largest research park in the US, with over 50,000 employees.

ACHIEVEMENT(S)

  • Acquired the property December 2018

  • Value-add plan to upgrade interior units, clubhouse, pool and other outdoor areas are in progress