Crest at Brier Creek

In July of 2014, The Residential Group and PPD Holdings sold Crest at Brier Creek, a 291-unit garden apartment community located in Raleigh, North Carolina, for $37.5 million.

Development of Crest at Brier Creek was comprised of Clarion Development Ventures III, The Residential Group, LLC and RBC Bank. Located in the Brier Creek Section of Raleigh, NC, the upscale project is situated at the intersection of Glenwood Ave (U.S. 70) and I-540, less than a 10-minute drive from Research Triangle Park, downtown Raleigh and Durham, and only a few miles from RDU International Airport. 

Raleigh is characterized by a highly educated population, with graduates from area universities including Duke, North Carolina State and the University of North Carolina at Chapel Hill, finding opportunity in the high tech, pharmaceutical, research, and financial sectors. Key employers include Biogen, Cisco Systems, IBM, Nortel Networks and the United States Environmental Protection Agency. Raleigh was named by Fortune magazine as No. 1 of the 50 Best Places for Business and Careers and No. 2 of the Next Big Boom Towns in the US.   

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