trending Market Intelligence /marketintelligence/en/news-insights/trending/tOB4tNBDlxkRUWFKF18Trg2 content esgSubNav
In This List

Starwood Property Trust sells Raleigh, N.C., multifamily complex

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection


Starwood Property Trust sells Raleigh, N.C., multifamily complex

Starwood Property Trust Inc. sold the Andover at Crabtree multifamily community in Raleigh, N.C., to Magnolia Capital for $48.5 million, the Triangle Business Journal reported.

The property at 6200 Riese Drive includes an 18-acre and a 21-acre tract, and one- and two-bedroom apartment units.

The seller, an affiliate of global private investment firm Starwood Capital Group, bought the asset for $18.6 million in 2015, according to the report.