Silver-McCann Apartment Group L.P. has purchased two apartment communities totaling 286 units in Raleigh, N.C.

The total value of the transactions was not disclosed.

The properties include the 122-unit Laurel Springs and the 164-unit Laurel Oaks Apartments. Both are garden-style communities located in north Raleigh.

The acquisition brings the total to three North Carolina apartment communities now owned by the Richmond, Va.-based Silver-McCann, following the acquisition of the 180-unit Hunter’s Glen earlier this year.

“Raleigh, North Carolina seems to be experiencing an economic rebound that we feel is worth investing in ourselves,” said Silver Capital CEO Larry D. Silver. “It is our goal to improve the communities and in so doing improve rates and occupancies.”

Silver-McCann – a joint venture between McCann Realty Partners LLC, an apartment investment company, and Silver Capital LLC, a real estate development and investment firm – was formed in April 2005 to acquire apartment communities in the Mid-Atlantic and Southeast.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription