Wendell
Real Estate
Research Triangle Welcomes Three New Affordable Housing Communities
National real estate firm Pratum Cos. and non-profit affordable housing developer DHIC have successfully launched three new affordable housing communities in North Carolina’s Research Triangle. The projects, collectively offering over 450 units, are located in Apex, Raleigh, and Durham. The properties include:
Apartment construction in the Triangle is expected to keep growing through end of decade
Data: RentCafe; Note: Includes apartment constructions with 50 or more units; Chart: Axios VisualsA record half-million-plus new apartment units are expected to be built this year — but the pipeline of future apartment projects nationally is slowing. The big picture: A rush of new apartments, financed when interest rates were lower, helped recently to ease rent hikes that occurred during the first years of the pandemic, Axios' Sami Sparber reports. Yes, but: The Triangle's construction activity is still forecasted to grow over the rest of the decade, unlike many of its peer cities.Between the lines: Several major U.S. metro areas are...
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