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Roanoke apartment complex sells for $7.25M

90 apartments now owned by Sweetbay Capital

Mount Pleasant Villas. Photo courtesy Cushman & Wakefield | Thalhimer

Mount Pleasant Villas. Photo courtesy Cushman & Wakefield | Thalhimer

Mount Pleasant Villas. Photo courtesy Cushman & Wakefield | Thalhimer

Mount Pleasant Villas. Photo courtesy Cushman & Wakefield | Thalhimer

Roanoke apartment complex sells for $7.25M

90 apartments now owned by Sweetbay Capital

//December 18, 2023//

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Mount Pleasant Villas , a 90-unit community in , has changed hands.

Raleigh, North Carolina-based , a real estate private equity firm, acquired the apartment complex from JC Capital Rutrough for $7.25 million in early December, according to

It’s the company’s third acquisition in Roanoke.

Clay Taylor from Cushman & Wakefield | Thalhimer’s Capital Markets Group represented Sweetbay Capital in the purchase of the property.

Sweetbay owns multiple communities in Virginia and the Carolinas. Mount Pleasant Villas is the company’s fourth acquisition.

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