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Our Role

RPL provided due diligence and development oversight services on behalf of an institutional equity partner.

Unique Approach

• Urban redevelopment.
• Adjusted grade and foundations to deal with challenging site topography.

Outcomes

• Work completed with high quality.
• Leased up quickly and sold property to buyer.

Scope of Work

Development of a 229-unit multi-family project in Winston-Salem, NC with a 3-story podium garage and 4 full levels of wood-framed apartments resting above. Two elevated courtyards located over the parking garage with large pool and amenity plaza.

Project Summary

• Client: One of the largest institutional private equity investment firms
• Location: Winston-Salem, NC
• Size: 229 units, 4 floors, 188,700 SF
• Timeline: 2017 to 2019
• Services: Due Diligence and Development Oversight
• Cost: $40 million