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Principal Asset Management Acquires Two Active Adult Communities in Raleigh-Durham Totaling 373 Units

Summary by REBusinessOnline
MORRISVILLE AND CHAPEL HILL, N.C. — Principal Asset Management has acquired two active adult communities in the Raleigh-Durham region totaling 373 units. The properties include Overture Cary, located at 1055 Hatches Pond Lane in Morrisville, and Overture Chapel Hill, situated near the Highway 54 and I-40 interchange and the University of North Carolina at Chapel Hill. The communities were developed in 2021 and 2020, respectively, and stand at fi…
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REBusinessOnline broke the news in on Monday, October 20, 2025.
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