Eagle Pointe Apartments

Sold Price

$14,150,000

 

Hold Period

3 Yrs.

 

Total Equity

$2,243,000

 

Total Profit

$9,349,880

 

Year Built

1968

Eagle Pointe Apartments is a 223 unit complex  located in Durham, North Carolina near the research triangle. The asset performed well over the hold. Providence exercised a strong business and management plan addressing all of the issues at hand. Eagle Point was a case of strong management and interior value-add that boosted NOI significantly making it Eagle Point a very successful investment.