PPD Holdings is excited to announce a new investment: Brier Creek, a 25-acre site in Raleigh, NC, with a slated 291 garden style apartments in the works. It has been said that “Raleigh is one of those markets that investors are still talking about” and “when we sit down to talk to our investors it gets traction because Raleigh is a market where everyone is interested in investing.” Continued apartment vacancy rates and job growth in the area have captured the focus of additional apartment developers as well. There are at least three other sites zoned for multifamily residential projects near the Brier Creek development under contract to regional development groups. Once we secure the bank financing for $29 million project, construction could start within six months. We are excited to add this new property to our portfolio and look forward to breaking ground soon.