American Realty Advisors bought a 332-unit apartment complex in North Carolina for $45 million, the company said Monday.


The Glendale-based firm purchased the Cary, N.C. building from Raleigh-based real estate investment trust Highwoods Properties.


American Realty Advisors has more than $4 billion in nationwide assets including office, industrial, multi-family, and retail properties.

For reprint and licensing requests for this article, CLICK HERE.