JOINT VENTURE BUYS AUTUMN RIVER APARTMENTS FOR $27 MILLION

RALEIGH, N.C. — A joint venture between Philadelphia-based TRECAP Partners and Greensboro, N.C.-based Bell Partners purchased a Raleigh community for $27 million. Autumn River Apartments contains 284 units in 13 three-story buildings on 20 acres. Built in 2001, the Class A community also features a clubhouse with a swimming pool. The seller's name was not released.