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Florida Investor Buys North Carolina Apartment Complex 'Well Insulated in an Ever-Changing Economy'

Demand for Investment in the I-85 Corridor Between Charlotte and Raleigh Has Not Waned, Despite Broader Virus-Related Concerns, Broker Says
Retreat at the Park in Burlington, North Carolina, was built in 2015. (CoStar)
Retreat at the Park in Burlington, North Carolina, was built in 2015. (CoStar)
By Nathan Maultsby
CoStar Research
April 15, 2020 | 4:26 P.M.

Investment firm Carter Exchange has purchased Retreat at the Park, a 249-unit apartment complex in a bustling North Carolina suburb within the Interstate 85 corridor between Charlotte and Raleigh, where demand has not waned despite concerns related to the coronavirus pandemic.

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