Real Estate Acquisitions in North Carolina

TPG Real Estate has acquired a majority interest in Quarterra, recapitalizing the multifamily platform while Lennar Corporation retains a minority stake and will continue to provide synergies. The partnership includes a $1 billion strategic commitment from TPG to support Quarterra’s growth and the development of its pipeline of attainable multifamily rental housing across the United States.

1754 Properties LLC acquired the 319-room Marriott Winston‑Salem in downtown Winston‑Salem, North Carolina; Hospitality Ventures Management Group (HVMG) will continue to operate the hotel. 1754 plans to invest over $5 million to renovate meeting spaces, hallways and infrastructure to elevate the property and drive demand from business, convention and leisure travelers.

Class Valuation, a national appraisal management company headquartered in Troy, Michigan, has acquired Appraisal Nation, a Cary, North Carolina-based appraisal management company specializing in private lending valuations. The acquisition expands Class Valuation's capabilities and market presence in the private lending sector and establishes a dedicated Private Lending segment led by Appraisal Nation founder Michael Tedesco.

Hunt Military Communities (HMC) has acquired Atlantic Marine Corps Communities (AMCC) from Lendlease, adding approximately 7,900 housing units serving about 24,000 residents across eight military installations. The purchase expands HMC’s military housing portfolio and deepens its partnership with the U.S. Marine Corps, with planned investments in property improvements and resident services.

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.

JLL (Jones Lang LaSalle Incorporated) has wholly acquired Kensington Capital Advisors (KCA), a North Carolina–based derivatives and structured finance advisory firm, along with its Frame Financial Systems technology platform. The deal brings KCA and Frame's 23 employees into JLL's Capital Markets and JLL Technologies teams and adds a proprietary 'software with a service' debt portfolio reporting and analytics capability to JLL's CRE investor offerings.

Alfred, the U.S. residential technology and property-management platform, has acquired RKW Residential and raised a $125 million strategic financing round led by Rialto Capital. The acquisition accelerates Alfred's expansion in the Southeastern U.S. and enables broader deployment of its AlfredOS platform across RKW’s ~30,000 managed single-family and multifamily units.

Bridge Investment Group Holdings Inc. acquired a 60% stake in Charlotte-based Gorelick Brothers Capital, LLC and its asset & property management business for $50 million, funded with approximately 50% cash and 50% units. Concurrently, Bridge-sponsored fund vehicles completed a $660 million recapitalization of the single-family rental (SFR) portfolio of more than 2,700 homes across 14 U.S. markets; the GBC team has joined Bridge to launch an SFR strategy on Bridge's platform.

Cushman & Wakefield has acquired substantially all of the assets of Triad Commercial Properties, a Winston-Salem and Greensboro-based commercial brokerage specializing in office and industrial advisory. The Triad team — founded by Hap Royster and Tom Townes — will join Cushman & Wakefield to strengthen the firm's presence in the North Carolina Triad and leverage Cushman & Wakefield's global platform for expanded client service.