Wilmington, NC
St. Andrews Reserve
St. Andrews Reserve is a 390-unit, existing garden-style apartment community with surface parking. The community includes 18 buildings across 26.3 acres. Mercatus helped recapitalize the existing Limited Partner (Greystar) out of the transaction while the property was undergoing a successful value-add renovation program. St. Andrews Reserve offers a coveted suburban living experience while maintaining unparalleled access to amenities.
Strategy: Value-Add
Year Built: 2001
Unit Count: 390