State: North Carolina - NC

May 11, 2000 RICHMOND, Va. – Cornerstone Realty Income Trust (NYSE:TCR) has paid $26.8 million, or $65,700/unit, for the Greystone Crossing Apartments in Charlotte, N.C.The 408-unit complex was purchased via a tax-deferred exchange. Cornerstone used proceeds from a March sale ...

April 26, 2000 NEW YORK – American Mortgage Acceptance Co. (Amex:AMC) has acquired an FHA-insured mortgage on a Greenville, N.C., apartment community that is being developedIn addition to buying the $9 million mortgage, American Mortgage provided $1.5 million of equity ...

March 21, 2000 RICHMOND, Va. – Cornerstone Realty Income Trust (NYSE:TCR) has bought a 168-unit apartment community in Asheville, N.C., for $8.8 million, or about $52,000 per unit.The REIT structured the purchase of The Enclave at the Meadows Apartments as ...

March 3, 2000 By Paul Gereffi, IPGDirect.com CorrespondentThe Burlington Manufacturers Outlet Mall in Burlington, N.C., has been put up for sale. The 225, 065-square-foot mall has an asking price of $10.25 million. The seller is a local partnership affiliated with ...

January 12, 2000 Associated PressWINSTON-SALEM, N.C. – Boston-based GFI Partners paid an undisclosed sum for the former Stroh Brewery, which it plans to convert into a multi-tenant building for light manufacturing and warehousing.The developer has formed a subsidiary, AG/GFI Winston-Salem ...

December 15, 1999 ATLANTA – JDN Realty Corp. (NYSE:JDN) has sold three North Carolina shopping centers with a total of 1 million square feet of space to a private REIT affiliated with a pension fund for $78.5 million.JDN had developed ...

With prices still sky-high, a growing number of owners of Raleigh, N.C., properties are deciding to test the market by offering their holdings for sale.

November 22, 1999 NEW YORK – Investcorp International teamed up with Crow Holdings to buy the Centrum Shopping Center in Charlotte for $25 million, or $92.60/sf.The seven-year-old property contains 270,000 square feet and is nearly full. Tenants include Kmart, TJ ...

November 2, 1999 JACKSONVILLE, Fla. – Koger Equity Inc. (AMEX:KE) paid $64.1 million for four recently constructed office buildings from Crescent Resources Inc., a private company in South Carolina.The four buildings total 491,200 square feet and are fully leased. Koger ...