GREYSTONE ACQUIRES APARTMENT COMMUNITY IN TRIANGLE FOR $24.3M

CARY, N.C. — Greystone has acquired Cary Brook Apartments, a 360-unit multifamily community in Cary, part of the Research Triangle area, for $24.3 million. The property was built in 1984 and features a clubhouse and leasing center. Greystone purchased the community from RFI Cary Brook LLC. Greystone Property Management Corp. will take over property management services for the community.