rcp properties

Carolina Cove

Carolina Cove  |  SOLD

Exciting amenities and upgrades provide UNC - Wilmington with an attractive off-campus housing option.

University of North Carolina - Wilmington
Location:
Wilmington, NC
Acquired:
2011
# of units:
228
# of beds:
600
Square footage:
255,180

Awarded the deal by the original developer because of RCP’s previous HUD loan assumption experience, which can take up to 12 months during a loan assumption. During ownership, RCP implemented a phased interior furnishing upgrade, a rebrand, and common area upgrades to the clubhouse, fitness and pool areas resulting in increased net revenue.

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