Amberwood at Lochmere
Cary, NC – The Fund acquired two adjacent communities that now are operated as one, Amberwood at Lochmere. The 1991/1996 vintage community features 340 units and a wide variety of recently upgraded floor plans, all of which include private balconies or patios, hug living spaces, and fully equipped kitchens. The irreplaceable location of Amberwood at Lochmere provides residents with easy access anywhere in the Triangle.
# of Units
340
When Acquired:
BREF acquired Amberwood Apartments on October 11th, 2019, and Bennington Woods Apartments on January 13th, 2020. Since Bennington was acquired, they now operate as one.
When/If Sold:
May 10, 2022
Return Metrics:
68% IRR (gross property-level)
3.37 CFx (gross property-level)
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