Lucern Capital Acquires Two Student Housing Properties in North Carolina for Multifamily Conversion

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.