The Apartments of Stonehenge is comprised of 52 buildings, three swimming pools, two tennis courts, and a resident clubhouse. It is located in north Raleigh off of Creedmoor Road at the intersection of Stonehenge Drive.
The community was 96% leased at the time of closing. The Apartments of Stonehenge are professionally managed and leased by Drucker and Falk, LLC, who will retain the account going forward.
The investment strategy includes the immediate extensive renovation of the 5,000 square foot clubhouse which will feature a new state of the art multi-story fitness facility, a redesigned floor plan, and updated interior décor throughout.