Realm Patterson Place, Durham, NC June 23, 2016
Lantower Residential Enters Durham/Chapel Hill Market With the Purchase of Realm Patterson Place
Dallas, Texas, June 27, 2016 – Dallas-based Lantower Residential, a national multifamily owner and operator, announced today that it has acquired Realm Patterson Place, a 322-unit garden-style community in Durham, North Carolina.
Realm Patterson Place is a well-positioned Class A property built in 2014, strategically located 6 miles from Duke University and Duke Medical Center, 7 miles from the University of Charlotte at Chapel Hill and 10 miles from Research Triangle Park. Realm is comprised of luxury one, two, and three-bedroom apartment homes. The community amenities feature a resort style salt water pool, bark park, cyber café and greenway trails.
“Delighted by our acquisition of Realm Patterson Place, we will look to consolidate our position in North Carolina and continue to seek out strong investment opportunities in the Southeast” said Philippe Lapointe, Chief Operating Officer of Lantower Residential. “Our reputation as transparent and dependable buyers is quickly spreading in the marketplace. Sellers appreciate our strong track record and trust our acquisition process.”
Lantower Residential is a vertically integrated real estate company specializing in the acquisition, ownership, and asset management of multifamily communities in the U.S.