Multifamily – Still the Hottest Investment

Multifamily developments, new and existing, continue to be the favored investments.   One developer alone, The Carroll Companies, is planning five apartment complexes in Wake County, increasing total number of units by 12,000 in two years or less. TBJ reports that in 2011, more than 30 apartment community transactions occurred in Wake, Durham and Orange Counties resulting in a total deal value of $963 million.