Grubb & Ellis Realty Investors LLC this week announced it acquired Six Forks Station in Raleigh, N.C., on behalf of tenant-in-common investors, at 96 percent occupancy.

Located at 8601 Olde Station Drive, Six Forks Station is a 321-unit garden-style multifamily community situated on more than 32 acres. The property consists of 39 apartment buildings and a separate structure housing a clubhouse and leasing center. The unit mix consists of 88 one-, 161 two- and 72 three-bedroom apartments. The net rentable area of the property is nearly 360,000 square feet, with an average unit size of 1,120 square feet.

Built in three phases between 1985 and 1997, Six Forks Station offers 656 parking spaces, which results in a 2.04-space-per-unit parking ratio.

Community amenities include two swimming pools, playgrounds, multipurpose sports courts, a fitness center and an onsite laundry facility.


***


What’s your opinion? Leave your comments below or send a
letter to the editor.


Show Comments Hide Comments

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.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Hear from Realogy, Pacaso, SERHANT., Spotify, Redfin, Douglas Elliman, and 100+ more leaders at ICNY.Register now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
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