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

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

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


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.