Real estate investment group buys historic downtown Raleigh apartments

Boylan Apartments Raleigh

The historic 55-unit Boylan Apartments campus at the corner of Hillsborough St. and Boylan Ave., near downtown Raleigh, was acquired by a Chapel Hill real estate investment group to upgrade all of the units with modern interior finishes, reports Triangle Business Journal.

An affiliate of Blue Heron Asset Management LLC, a real estate investment fund led by Chapel Hill developer Ron Strom, has paid $6.3 million for the three, and closely clustered three-story apartment buildings, according to county records.

Originally built in 1935, the colonial revival-style buildings were last renovated in 2007.

Read More


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.