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Asia Capital Real Estate (Acre) Acquires Aven Apartments In Growing Durham, N.C. Submarket

Apr 06, 2022•over 3 years ago

Acquiring Company

Asia Capital Real Estate (ACRE)

Acquired Company

Aven Apartments

Real EstateFinancial Services

Description

Asia Capital Real Estate (ACRE), a global real estate private equity firm, today announced it has acquired Aven Apartments (“Aven”), a multifamily property in Durham, N.C., from Magma Equities. The purchase price was undisclosed.

Company Information

Company

Asia Capital Real Estate (ACRE)

About

Founded in 2011, Asia Capital Real Estate (ACRE) is a global real estate private equity firm managing capital for institutional and family office investors through a series of private equity and debt funds and currently has more than $1.8 billion in assets under management. Since its inception, ACRE’s acquisition, development and lending efforts have spanned 22,000 units across 78 properties in 33 cities. ACRE’s strategies focus on direct real estate equity and credit investments and are concentrated in high growth markets in the United States, with additional properties currently in development in Southeast Asia and the United Kingdom. ACRE manages a global multifamily housing portfolio with offices in Atlanta, New York and Singapore.

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