Auburn Apartments
The South Terrace at Auburn
Durham, North Carolina
Auburn Apartments Associates
Joint Venture
Year: 2001
Partners
Edward Kalikow and Eugene Shalik
Ellis Coleman (EYC Development)
Bank
GMACC Mortgage Bank - $23,750,000
Property Information
328 Unit 30 Building Class A Apartments on 25.6 ± acres
in Durham, North Carolina. Project Completion Date Fall 2003.
Equity Raised: $3,250,000
Additional Info: www.southterrace.com
News Update: The South Terrace at Auburn of K & S Auburn Associates was sold
in May 2007 to National Commercial Ventures LLC, a
California-based real estate company for $30,475,000.
News Update: HFF refinances The South Terrace at Auburn (May 4, 2005)
News Update: Triangle adding jobs at fast clip
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