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90 apartments now owned by Sweetbay Capital
Mount Pleasant Villas. Photo courtesy Cushman & Wakefield | Thalhimer
Mount Pleasant Villas. Photo courtesy Cushman & Wakefield | Thalhimer
90 apartments now owned by Sweetbay Capital
Robyn Sidersky //December 18, 2023//
Mount Pleasant Villas apartments, a 90-unit community in Roanoke, has changed hands.
Raleigh, North Carolina-based Sweetbay Capital, a real estate private equity firm, acquired the apartment complex from JC Capital Rutrough for $7.25 million in early December, according to Cushman & Wakefield | Thalhimer.
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 multifamily communities in Virginia and the Carolinas. Mount Pleasant Villas is the company’s fourth acquisition.
