An out-of-state private equity firm just paid $8.6M for a local apartment complex

North Carolina-based private equity firm Emerald City Associates has purchased the 246-unit Magnolia Trace apartment complex on North Harrell's Ferry Road near Sherwood Forest Boulevard and Interstate… Already an INSIDER? Sign in. Already an INSIDER? Sign in

Jun 29, 2026 - 23:00
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An out-of-state private equity firm just paid $8.6M for a local apartment complex
North Carolina-based private equity firm Emerald City Associates has purchased the 246-unit Magnolia Trace apartment complex on North Harrell's Ferry Road near Sherwood Forest Boulevard and Interstate… Already an INSIDER? Sign in. Already an INSIDER? Sign in

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