Wilmington, N.C. — Lucern Capital Partners, through its Lucern Multifamily Value Fund I L.P., has acquired two student housing communities located near the University of North Carolina Wilmington. The acquired properties — Camden Forest Apartments and Wilshire Landing Apartments — are set for conversion into traditional multifamily. Planned improvements to the communities include unit interior renovations and the addition of new shared amenities.
Lucern Capital Acquires Two Student Housing Properties in North Carolina for Multifamily Conversion
by Katie Sloan