$22M in Luxury RDU Townhomes

Hey there, local real estate enthusiasts! Here is the latest buzz in our vibrant community.

In a groundbreaking move the esteemed Carlyle Group (Nasdaq: CG) has made a colossal splash in our local real estate scene. Imagine the thrill as this global private equity titan swooped in and invested a jaw-dropping $22 million in a stunning array of townhomes nestled near our Raleigh-Durham International Airport.

Photo courtesy of Google Maps

What’s the Scoop?

An LLC linked to The Carlyle Group has recently acquired a whopping 58 townhomes for a cool $21.5 million in the bustling neighborhood of Morrisville. These luxurious residences, dubbed Abode Arringdon, were masterfully crafted and sold by the esteemed DRB Group, and now, they’re up for grabs as chic rental properties.

With a price tag averaging around $371,000 per home, these sleek townhomes are not just bricks and mortar—they’re a testament to luxury living at its finest.

The Inside Story

Step inside these elegant abodes, and you’ll be greeted by three stories of pure bliss. Whether you’re eyeing a cozy three-bedroom retreat or craving the spaciousness of a four-bedroom haven, Abode Arringdon has it all. And the best part? These stylish townhomes come with all the bells and whistles, including stainless steel appliances, quartz countertops, and smart home features that’ll make you feel like you’re living in the future.

But wait, there’s more! Picture yourself unwinding in the community’s lush green spaces, complete with a dog park, fire pit, and even a cornhole court. It’s not just a place to live—it’s a lifestyle.

What’s Next?

Now, you might be wondering—what does this mean for our bustling real estate market? With the rise of single-family and townhome rentals in the Triangle, the game is changing. And with institutional investors like The Carlyle Group stepping into the arena, competition is fiercer than ever.

But fear not, the BRAZOBAN Realty Group is here to guide you through every twist and turn. Whether you’re a seasoned investor or a first-time homebuyer, we’ve got the expertise and dedication to make your real estate dreams a reality.

A Little About The Carlyle Group

Did you know that The Carlyle Group has a U.S. real estate investment arm dedicated to single-family rental, multifamily, self-storage, and industrial properties? With a staggering 1,295 total investments in the U.S. and $19 billion deployed in capital, they’re a force to be reckoned with in the world of real estate.

But that’s not all. Carlyle’s Global Private Equity business is one of the world’s largest and most diversified private equity platforms. Spanning industries, geographies, and strategies, they deliver transformational results for their partners—management teams, portfolio companies, and fund investors alike.

Fortune 500 Recognition

The Carlyle Group Inc. (NASDAQ: CG) joined the prestigious Fortune 500 club! Soaring an impressive 360 places to land at No. 398, they’ve secured the third-highest ranking of any District company. Now, that’s what we call success!