In 2007, Commercial Properties Realty Trust acquired a nearly 400-acre tract of rolling farmland in Raleigh, North Carolina, near the intersection of two busy highways in the bustling corridor that has become home to numerous tech companies over the past three decades. The idea was to develop a walkable, planned community, or traditional neighborhood development,
After 11 years of struggles and an $18.2 million write-down, Commercial Properties’ North Carolina TND is coming to life.
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