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Chicago Apartment Investor Taps ’80s-Era Raleigh Property in Latest Deal

Investors Looking for Value Snapping Up Older Properties in North Carolina Capital
Andover at Crabtree, which was built in 1982, has been bought by Chicago-based Magnolia Capital. (CoStar)
Andover at Crabtree, which was built in 1982, has been bought by Chicago-based Magnolia Capital. (CoStar)
CoStar News
October 24, 2019 | 9:00 P.M.

A Chicago investment firm has purchased a 1980s-vintage apartment complex in suburban Raleigh, joining other investors who have been snapping up 20-plus-year-old apartment properties in the North Carolina capital over the past year.

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