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Magma Equities Buys Raleigh Apartment Complex

California Firm to Complete Renovations on 51-Unit Richmond Hills
Richmond Hills was built in 1971 and comprises a mix of two- and thee-bedroom floor plans, according to CoStar data. (JLL)
Richmond Hills was built in 1971 and comprises a mix of two- and thee-bedroom floor plans, according to CoStar data. (JLL)
By Kathryn Binns
CoStar Research
May 19, 2021 | 4:00 P.M.

Magma Equities has purchased Richmond Hills, a 51-unit apartment complex in Raleigh, North Carolina, in a value-add play.

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