Marcus Partners Acquires 372-Unit Aventon Nora in Raleigh, with Newmark's John Munroe Brokering Sale
Marcus Partners has acquired Aventon Companies Nora, a 372-unit, Class A apartment community located at 6301 Lakecrest Dr in North Raleigh, North Carolina, the firm announced Aug. 13. The transaction represents the Boston-based real estate investment, management, and development firm's second multifamily acquisition in the Raleigh-Durham market and expands the portfolio of its Southeast Regional office. The sale was brokered by Sean Wood and John Munroe of Newmark.
Deal Details and Property Overview
Built in 2024, Aventon Nora comprises four residential buildings with one-, two-, and three-bedroom units, as well as carriage-style units with attached garages. The community was 96% occupied at the time of acquisition, with a resident base concentrated in the technology, health care, and business services sectors. Marcus Partners acquired the asset directly from the developer; no sale price was disclosed.
The property is situated in the North Raleigh submarket near North Hills, a mixed-use district in the area, and is located less than 20 minutes from downtown Raleigh. Unit sizes range from approximately 760 to 1,545 square feet, with asking rents spanning roughly $1,395 to $2,720 per month for one- to three-bedroom configurations.
Community amenities include a resort-style pool with cabanas, a fitness center with yoga studio, and a two-story clubhouse with enclosed workspaces. Apartment interiors feature quartz countertops, stainless steel appliances, smart thermostats, and island seating.
Marcus Partners' Southeast Expansion Strategy
Casey Barber, SVP of Marcus Partners, framed the acquisition as consistent with the firm's broader investment thesis in high-growth markets.
"As we continue our Southeast expansion, this asset aligns well with our strategy of acquiring newer properties below replacement cost in high-growth markets," Barber said. "Aventon Nora presents a high-quality product in a desirable location for our second purchase in North Carolina. Despite near-term supply pressures, we have high conviction in Raleigh given its strong job and population growth, favorable demographic trends, and business-friendly environment."
Marcus Partners is a vertically integrated firm focused on value-add investment strategies across industrial, multifamily, and other property types. The firm and its affiliates own, control, operate, or are developing more than 7 million square feet of real estate and more than 4,300 multifamily units. Headquartered in Boston, the firm maintains regional offices in Metro New York, the Mid-Atlantic, and Atlanta.
Raleigh-Durham Market Context
The Raleigh-Durham multifamily market absorbed a significant wave of new supply in 2024 and 2025, with roughly 14,500 apartments delivered in the metro in 2024 alone. New inventory additions slowed considerably heading into 2026, with only approximately 1,300 units delivered in the early part of the year, a trend that has supported stabilizing fundamentals across the market.
Average sale prices in the Raleigh-Durham multifamily market stood at approximately $244,341 per unit in the first quarter of 2026, with market cap rates around 5.2%, providing a benchmark for the pricing environment in which the Aventon Nora transaction occurred. No deal-specific financial metrics were disclosed by Marcus Partners.
The North Raleigh submarket, where Aventon Nora is located, is among the highest-demand multifamily submarkets in the Raleigh-Durham area, driven by the region's concentration of technology, life sciences, health care, and corporate services employment.
Newmark's Role in the Transaction
John Munroe and Sean Wood of Newmark represented the seller in the transaction.
The Aventon Nora acquisition is Marcus Partners' second multifamily investment in North Carolina and reflects the firm's continued build-out of its Southeast portfolio.
Sources
Marcus Partners — Marcus Partners Acquires Aventon Nora in Raleigh