LG Development Group buys 5.1-acre site, zoned and entitled for 70-BTR-Townhomes for $3.4M ($48,571/unit) in Raleigh

5/10/2024

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MHN

• Subcategory: Land: Housing, MF: BTR, MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: Land: Multifamily, MF: BTR-Townhome

• Additional Filters-Tags: Sale: Single Property

LG Development Group has purchased a 5.1-acre, zoned and entitled site in Raleigh, N.C., approved for 70 infill build-to-rent or for-sale townhomes. The acquisition marks the firm’s entry into North Carolina.

LG Group

Daniel Haughney | Chief Investment Officer & Partner

[email protected]

773-227-2850