TruAmerica Multifamily LLC bought three apartment communities in Raleigh, N.C., from Bahrain's Investcorp for $108.7 million, the Triangle Business Journal reported.
The portfolio comprises the 362-unit Duraleigh Woods Apartments at 5600 Briar Oaks Lane, the 276-unit Bridgeport Apartments at 4101 Lake Lynn Drive and the 192-unit Sailboat Bay Apartments at 3221 Lynn Ridge Drive.
Investcorp acquired the assets for $83 million in 2016.
