Jefferson Apartment Group Acquires J501 Estates; JAG Management Assumes Management

September 12, 2024

Jefferson Apartment Group (JAG) completed the acquisition of J501 Estates, a 240-unit multifamily community in Durham, North Carolina, in a deal executed with partner STARS REI that closed in late 2023. Affiliate JAG Management Company has assumed owner-managed and third-party management responsibilities for J501 Estates and four other established multifamily communities across the Raleigh–Durham area, expanding its Carolinas portfolio and bringing its total managed portfolio to nearly 11,000 units.

Buyers
Jefferson Apartment Group, JAG Management Company
Targets
J501 Estates
Industry
Real Estate
Location
North Carolina, United States
Transaction Type
Buyout

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