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Investment Details

Closing date
27-Mar-2018

Investment Summary

JEM Holdings acquired Casa de Luna apartments in March, 2018 as a value-add investment in an off-market transaction. Constructed in 1976, Casa de Luna is a 214-unit garden style apartment community located approximately 2 miles from The Groves and Lexington on the Green in Raleigh, acquired by JEM in June 2017 and Dec 2017, respectively. The property's location on New Hope Rd provides excellent access to several major thoroughfares and thus strong connectivity to many of the area's major employment drivers (Duke Raleigh Hospital, Wake Med Raleigh Hospital, Capital Boulevard shopping, Triangle Towne Center Mall, NC State University, and RTP).

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