LLC dumps N.C. apartments

Asset features unique amenities

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

The River Ridge apartments in Asheville, N.C., recently sold to a group of tenant-in-common investors for an undisclosed price. The 252-unit multifamily complex, sold by Easy Access Properties LLC, is situated on approximately 44 acres and features 26 two-story apartment buildings totaling nearly 270,000 square feet with an average unit size of 1,070 square feet. Community amenities include a swimming pool, fitness center, playground, car-care center, nature trail, picnic area, and two lighted tennis courts. Constructed in two phases in 1986 and 1988, River Ridge was 98 percent occupied at the time of sale. ...