North Carolina-based private equity firm Emerald City Associates has purchased the 246-unit Magnolia Trace apartment complex on North Harrell’s Ferry Road near Sherwood Forest Boulevard and Interstate 12. Emerald City bought the property from New York-based Arbor Realty Trust for $8.6 million, according to a deal filed Friday with the East Baton Rouge Clerk of
An out-of-state private equity firm just paid $8.6M for a local apartment complex
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