Gross Internal Rate of Return (IRR): 23.3%
Deerbrook Apartments was a multifamily community located in the coastal market of Wilmington, NC – a sought-after market offering a significant standard of living across generations.
This property was built in 1999 and features 152 units across a gross rentable area of 154,128 SF.
Deerbrook Apartments was a part of The Carolinas Portfolio along with Chimneys at Greenville Apartments.
Cohen Investment Group acquired this property on March 7, 2019 and sold it on July 31, 2020.
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