PRG Buys Bainbridge in the Park in Durham for $13.6M

Philadelphia, PA based PRG Real Estate has acquired Bainbridge in the Park, a 216-unit, garden-style apartment community located in the Triangle’s South Durham submarket, for $13.6 million or $62,963 a unit.

ARA Charlotte, NC-based Principals Blake Okland and Dean Smith, and brokers Sean Wood and John Heimburger, represented Charlotte, NC- based Hawthorne Residential, in the transaction.

Constructed in 1985, Bainbridge in the Park was 95% occupied at the time of the sale.

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