Author: franklinrossetti
Magma Equities Acquires 202-Unit Apartment Community in Fayetteville, NC for $23.7 Million
LA-based multifamily investment firm opens Charlotte, NC office to Manage Continued Growth in North Carolina and the Southeast Keystone Apartments MANHATTAN BEACH, Calif. – April 26, 2022 – PRLog — Magma Equities (“Magma”) in joint venture with Prudent Growth Partners (“Prudent Growth”) has acquired Keystone Apartments (Keystone), a 202-unit multifamily community in Fayetteville NC, in an off-market transaction for $23.675 million. Magma is one of the most active multifamily investors in North Carolina. Keystone is the firm’s 18th acquisition in the state over the past four years and its third acquisition in North Carolina this year. To facilitate its continued ... Read more