The Piper Apartments

Ashcroft Capital today announced its acquisition of The Apartments at Midtown 501, a 248-unit garden-style community in Chapel Hill, N.C. Birchstone Residential, Ashcroft Capital’s in-house property management company, has assumed management of the community.

Quarterra Multifamily and QuadReal Property Group have broken ground on their third multifamily project together in the Seattle area. The joint venture completed the subsurface work and started vertical construction on The Piper Apartments, which is expected to see its first move-ins in mid-2024.