The community came online in 2024.
Greystar has sold Milo, a 252-unit multifamily community in Raleigh, N.C., for an unspecified price. Milo Apartments LLC, a private investor, bought the asset.
Completed in 2024, Milo consists of eight three-story residential buildings. The previous owners took out a $43.6 million construction loan for the development in 2022, according to Yardi Matrix data. The property offers one-, two- and three-bedroom units that average 889 square feet each, with features including stainless steel appliances, quartz countertops, soaking garden tubs and private patios or balconies.
Common-area amenities at Milo include a pool and sundeck, poolside cabanas, an outdoor grill kitchen, a yoga lawn, a dog park and a community garden. There is also a coworking hub, fitness center, cardio and cycle studio and a resident lounge…