Lantower Weston Corners, Raleigh, NC October 18, 2018
Dallas-based Lantower Residential announces the acquisition of Lantower Weston Corners, a new, Class A+ mid-rise multifamily development located in the desirable Cary submarket of Raleigh, North Carolina.
Residents enjoy unmatched, state-of-the-art amenities including a pool with sundeck and outdoor kitchen, fitness center with separate yoga room, dog spa, sky terrace, bike repair center, clubroom with kitchen and game room, 24-hour package lockers, car wash station, structured parking, and direct access to the Weston/Cary greenway system. Apartment interiors feature 10-foot ceilings in every unit, premium G.E. stainless steel appliances, designer kitchen cabinets and fixtures, white quartz countertops, USB outlets, full-sized washer/dryers, and hardwood-style flooring in all living areas.
The property is conveniently located within five minutes of two of Raleigh’s most prized employers: SAS Institute HQ (largest private software company in the world employing 6,000) and MetLife’s Global Technology Campus (2,000 jobs). Perimeter Park, home to over 15,000 white-collar jobs, and the acclaimed Research Triangle Park (50,000 jobs) are within a short 10-minute commute. Average household income within three miles of well over $100,000 underscores the affluence customary in the Cary submarket of Raleigh.
"Raleigh’s highly-educated employment base, strengthened by three respected universities, facilitate its strong job growth and define it as a leading U.S. market for investment prospects and major corporate relocations. Lantower Weston Corner’s institutional quality and location near high profile white-collar employers characterizes our thesis and fulfills our strategy to expand our North Carolina portfolio," said Lantower COO, Philippe Lapointe, in prepared remarks.
Upon acquisition of Lantower Weston Corners, Lantower Residential’s portfolio consists of 21 multifamily properties with 6,896 residential units.