Waterton Purchases 298-Unit Apartment Community in Raleigh
RALEIGH, N.C. — Waterton has purchased Manor Six Forks, a 298-unit apartment community with 12,000 square feet of ground-level retail space, in Raleigh. Waterton plans to renovate unit interiors, the lobby, clubroom and fitness center. The new owner also plans to make improvements to the pool area, including converting the swimming pool to a saltwater pool and upgrading furniture. The community offers one-, two- and three-bedroom floor plans. Communal amenities include a business center, bike storage, media center and movie theater. The retail tenants include a craft beer and wine outlet, nail salon, fitness and martial arts studio and full-service pet care center. The seller and sales price were not disclosed.