Apr 23

APG Capital Completes Sale of Property for Affordable Housing Development

APG Capital recently completed the sale of 16 acres on Carr Road in Durham to the Taft-Mills Group. Geoff Loftin and the late Jim Flink brokered the deal for APG. The property sold for $2.7 million, $168,750.00 per acre.

Taft-Mills Group, a subsidiary of Taft Family Ventures, is one of the Southeast’s leaders in affordable housing development. Current plans are for 190 affordable housing units to be constructed on the Carr Road site.