RALEIGH, NC – Township Capital, alongside The Preiss Company, announced the acquisition of Trilogy Cameron Village and The Greens at Tryon, a pair of multifamily properties in Raleigh, North Carolina. This dual-property deal marks Township’s fifth and sixth acquisitions with The Preiss Company.
“Securing these two assets together was an inimitable opportunity,” said Susan Folckemer, Chief Acquisitions & Development Officer at The Preiss Company. “We are thrilled to work collectively with Township Capital once again to secure core investment assets in a market key to each of our strategies.”
Trilogy Cameron Village (“Trilogy”), built in 2020, is a Class-A+ asset. It offers modern studio, 1-, 2- and 3-bedroom apartments with amenities including chef-inspired kitchens and private balconies. Trilogy sits in one of Raleigh’s most well loved neighborhoods. Its location is a walker’s paradise with a Walk Score of 92, and access to five-star shopping and luxe cafes across a six-block radius.
The Greens at Tryon is a three-tale, garden-style multifamily property built in 2000. Located in the heart of Raleigh, The Greens at Tryon offers large floor plans with high ceilings as well as community amenities including a fitness room, basketball and volleyball courts, dog park and pool. As part of the value-add strategy in place, renovations are slated to occur which will upgrade the vintage Class-B asset up to Class-A.
The two assets each have over 200 units and occupancy rates above 90%. Both properties are located in close proximity to downtown Raleigh and North Carolina State University.
According to SmartAsset’s 2021 study, Raleigh is ranked 13th on the list of where millennials are moving – with Cary, a town just west of Raleigh, being ranked No. 7 among hot spot destinations seeing an influx of millennials ages 25 to 39 moving to the area. The pandemic played a role in increased migration to secondary markets outside of larger cities.
“Township’s continued relationship with The Preiss Company allows us to deliver prime investment opportunities, like these two multifamily assets, to our investors,” said Matthew Gorelik, CEO at Township Capital. “The success of working together is a result of our ability to align our strategies and translate that dynamic across different types of deals.”
Using its unique passive co-GP model, Township Capital continues to deliver premium investment opportunities to its investors. Throughout 2021, Township grew its portfolio within the multifamily sector, acquiring several value-add properties alongside its partners. The firm continues to seek value-add opportunities which align with its strategy and achieve honest returns for its investors.

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ATLANTA, GA – Zevulon Capital, Inc. and FCP announce the acquisition of ReNew Parc Shores, a 520-unit apartment community at 3925 Satellite Blvd. in Duluth, Georgia. The real estate investment companies bought the asset from FPA Multifamily, LLC for $94.75 million. Bainbridge Companies will manage the value-add, workforce housing property, which will be renovated and rebranded as Summit Station at Duluth.
Renew Parc Shores offers proven upside potential in Atlanta s fastest-growing county, said Yossi Kagan, Zevulon Capital Principal. We look forward to partnering with FCP to capitalize on the current capital improvements program to elevate the community from the inside out while enhancing operations and livability.
Zevulon and FCP plot to complete interior renovations on the remaining units and perform exterior and amenity improvements that include installing new roofs; upgrading the pool, fitness center, clubhouse, and parking lot; replacing HVAC/HW; and improving the landscaping.
Located in Gwinnett County, ReNew Parc Shores is a historically high-performing resort-style community with an exceptional amenities package and convenient location near Steve Reynolds Boulevard, Pleasant Hill Road, and I-85. Community residents benefit from simple access to some of the region s largest employers, including RockTenn, Asbury Automotive, and Primerica.

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SEATTLE, WA – Security Properties bought Tria Apartments, a Class-A podium-style multifamily property located in Newcastle, WA for $26,750,000. Security Properties now owns 117 assets totaling approximately 24,400 units across its portfolio. This includes 27 properties and more than 5,700 units in the Seattle/Tacoma/Bellevue MSA.
Tria was developed in 2017 and consists of 76 apartment homes and 1 retail space spread across a single 6-tale building on 0.94 acres. The unit mix features an attractive range of floor plans with an average unit size of 742 square-feet. Unit interiors consist of stainless steel appliances, quartz countertops, hardwood flooring, kitchen islands, pantries, washer/dryers, oversized closets and a private balcony/patio. From an amenity perspective, the property offers a rooftop deck/lounge, resident clubroom, fitness center, 24-hour package lockers, bicycle storage, secure garage parking and vehicle charging stations.
With a population of roughly 13,000, Newcastle offers its residents both the conveniences of urban living with the lifestyle of a small town. Located just 5 miles south of Downtown Bellevue, 3 miles north of Renton and 10 miles southeast of Downtown Seattle, the submarket is ideally positioned between the region’s largest employment hubs. Each of these can be easily accessed via Interstate 405, which has onramps less than 5 minutes from the site.
As for the micro-location, Newcastle offers residents a suburban lifestyle full of retail, restaurants, 40 acres of parks/open spaces and numerous other local attractions. Tria is conveniently located in downtown Newcastle, across the street from Coal Creek Village. The shopping center includes a QFC, Safeway and Bartell Drugs among other businesses.
According to Alex Gauper, Director at Security Properties, “the acquisition of Tria represented a unique opportunity to buy a high-quality asset at a significant discount to replacement cost in one of the Eastside’s most highly desired submarkets. Newcastle’s combination of a pivot point location for accessing regional employers, lack of future housing supply and an exemplary rental demographic, well position the asset to capitalize on the submarket’s long term growth prospects. We are very excited to add Tria to our Pacific Northwest portfolio and look forward to delivering strong returns to our investors over our hold.”
The property will be managed by Security Properties-affiliate Security Properties Residential.

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