BACKGROUND

As the initial investment for Blue Heron's Fund 2, in April 2015 Blue Heron acquired this 55 unit apartment project on Hillsborough St. in downtown Raleigh, NC, within walking distance of the Raleigh CBD and Warehouse District.

ACHIEVEMENTS

  • Created a digital media presence that was formerly missing for the property and put in place an institutional-quality property management company
  • Exterior, common area, and unit interior renovations began in late 2015; exterior and common area renovations are complete, and unit interior renovations are expected to be completed by early 2018