Real Estate: Something of a Boom

Cary, NC – Real estate investment in Cary is experiencing something of a boom. Can a surge in home prices be far behind?

3 Apartment Complexes and a Nursing Home

Within the last month, four large transactions have brought new ownership to several big properties, underlining the perceived value of Cary real estate.

First, Woodland Terrace was acquired by Prudential Real Estate Investments of Atlanta for a price tag of $53 million. Woodland Terrace sits on a 22 acre property off Farmington Woods Drive in Cary. It’s a community for seniors including an assisted living facility.

And just recently, three apartment complexes changed hands. Bell Partners of Greensboro bought Preston Reserve in Cary for $40.5 million.

In the far northwest of Cary, Chancery Village sold for $36.9 million. And in the center of town, right next to Northwoods Elementary, Boundary Village sold for $13.7 million.

That’s $144 million in just a few weeks.

See All the Properties on a Map

Three of the properties are clustered near Downtown, while the fourth is off Highway 55 near Kits Creek.

See them all on a map.

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