SAM Purchases The Flats on 7th

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GARNER, NC-Sandhurst Apartment Management (“SAM”) has announced the purchase of The Flats on 7th, a 136-unit multifamily apartment complex built in 1982 located in Garner, NC. The acquisition closed in October 2020.


The Flats on 7th is located in a popular submarket of Raleigh, where continued population growth is expected over the next 5 years. Although the property was built in the early 1980’s, the seller recently invested over $3 million in capital improvements, which included new roofs, exterior/interior painting, unit interiors (flooring, appliances, granite counters, etc.) The property also features a renovated clubhouse with a fully-equipped fitness and business center, in addition to a swimming pool and sports court.


SAM is pleased to announce the purchase of this asset, adding to its existing portfolio of 6 properties in North Carolina. As the final phase of Interstate 540 is completed near Flats on 7th, residents of Garner will soon be able to easily access downtown Raleigh. Additionally, Amazon is opening a new distribution facility less than 10 minutes from the property. Amazon’s expansion is adding 1,500 new jobs to the Garner area, which will contribute to the overall population growth in the Raleigh MSA. Flats on 7this also located less than 3 miles from White Oak Crossing’s, Garner’s premier shopping and dining center. As the Raleigh MSA continues to expand over the next several years, this acquisition proves to be consistent with our strategy of buying assets located in growing markets with strong demographics.


Sandhurst Apartment Management is a forward-thinking, time tested group that provides a wholly integrated package of property management services, including on-site asset management, construction supervision and due diligence. Our success is rooted in our thoroughly vetted, value-add property investments that provide high-quality rental apartments in good school zones with attentive, hands-on-property management. Sandhurst owns and manages assets in 9 states totaling 11,000 units in excess of $1 Billion.