Chapel Hill real estate firm Blue Heron Asset Management has sold for $41.5 million the Village at Marquee Station apartment community that it built in phases in 2013 and 2014 in Fuquay-Varina.

The buyer is a U.S. affiliate of Toronto-based Starlight Investments, which purchased the property free and clear of existing debt, according to a news release about the deal. The 265-unit property sold at a price that averaged around $156,600 per unit.

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Source: Triangle Business Journal