Turnbridge Acquires Raleigh Apartments, Upgrades on Way

Turnbridge Equities acquired the 320-unit Skyhouse Raleigh, a multifamily community in downtown Raleigh. ACORE CAPITAL provided a $62 million first mortgage on the property. Equity for the transaction was provided by Turnbridge. Northmarq brokered the sale and arranged the debt financing. In a Turnbridge release, the company asserts that while recent years brought record-setting new...