OPPORTUNITY

293 Unit apartment development in the Cary submarket of Raleigh, NC. The project benefits from limited supply in the Cary and surrounding submarkets due to strict zoning and difficult entitlement processes. Median home prices in Cary have risen more than 60% since 2020, furthering the need for rental housing. Aventon Cary is located adjacent to the Research Triangle Park (RTP), which serves as headquarters for more than 300 companies. The greater Triangle region is home to roughly 4,000 tech companies, and 600 life science companies. The region is expected to continue strong employment and population growth; NC has the lowest corporate state tax in the country and will be eliminated all together by 2030.