Magnolia Adds 368 Units with Third Raleigh Acquisition

Andover at Crabtree is a 368-unit garden apartment community located in Raleigh, NC.

Andover provides unit interior upgrade potential, in addition to an expansive amenity set that is primed for renovation. The community is assigned to highly rated schools, walkable to large retail centers along Glenwood Avenue, and is within minutes of several large employment centers, including UNC REX Hospital, Research Triangle Park, and North Hills.

Raleigh, NC  |  368 Units  |  Year Built: 1982  |  Closing Date: October 2019

View our entire portfolio or for additional details regarding this acquisition and Magnolia Capital, please contact:

Will Beam
Managing Director of Investments
(312) 881-4439
wbeam@magnoliacap.com

Cecile Taylor
Director of Client Services
(312) 881-4426
ctaylor@magnoliacap.com