Principal Asset Management Acquires Two Active Adult Communities Totaling 373 Units in North Carolina
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Principal Asset Management acquires two active adult communities totaling 373 units in North Carolina. MORRISVILLE and CHAPEL HILL, N.C. - Principal Asset Management has acquired two active adult communities totaling 373 units in the Raleigh-Durham region of North Carolina. The properties include Overture Cary, located in Morrisville, and Overture Chapel Hill, situated near the University of North Carolina at Chapel Hill. The communities were developed in 2021 and 2020, respectively, and stand at five stories. The seller and sales price were not released.
