Deal Highlight: Brazos Residential Acquires Jeffries Cove Apartments and Briarwood Apartments

Briarwood Apartments 

Radix Underwriting would like to congratulate the team at Brazos Residential for finalizing the acquisition of two assets in North Carolina. Brazos added 425 units to their existing holdings of over 2,500 apartments with these deals.

Jeffries Cove Apartments in Rocky Mount, NC, was built in 1987 and purchased by Brazos from its developer. Brazos saw better-than-expected results from their Rosewood community, also in Rocky Mount. This success cemented Brazos’ interest in another purchase in the area.  

Brazos’ second acquisition, Briarwood Apartments, in Fayetteville, NC, was built in 1970 and purchased from Forum Real Estate Group, the asset’s owner since 2018. According to RedFin, Fayetteville stands as one of the top ten most competitive housing markets in North Carolina.  

Other recent transactions in the state include the sales of Loray Mill Lofts, Villages at Wake Forest, and River Mill Lofts.  

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