Bainbridge Cary is a 259-unit, 2023-vintage mid-rise community located in Cary, North Carolina, one of the most affluent and supply-constrained submarkets in the Research Triangle. Ranked the #1 Best Place to Live in North Carolina and #5 nationally by U.S. News & World Report, Cary continues to attract high-income households drawn to its exceptional quality of life, top-ranked schools, and proximity to the region’s leading employment centers. Offered at a basis expected to be below replacement cost and at a meaningful discount to for-sale housing in the submarket, Bainbridge Cary presents a compelling opportunity to acquire a newly delivered, institutionally developed asset in a top-tier market with strong long-term demand drivers. With construction costs still elevated and homeownership affordability remaining challenged, the opportunity to buy a high-quality asset at this basis makes for a particularly attractive entry point today. 

Completed in 2023, the Property features best-in-class construction, modern interior finishes, and a highly amenitized resident experience that has supported strong lease-up and durable operating performance. Currently 97% occupied, Bainbridge Cary has maintained solid in-place fundamentals with limited rate erosion, underscoring the strength of its location, product quality, and resident profile. The asset is further distinguished by a highly affluent tenant base whose income profile ranks among the strongest in the Research Triangle, supporting both stability and future pricing power. 

The investment also offers a clear near-term value creation opportunity through the implementation of a bulk cable and internet program, which is projected to generate more than $118,000 of annual NOI upside with minimal operational complexity. Combined with moderating new supply in Cary, Bainbridge Cary is well positioned to benefit from future rent growth and improving submarket fundamentals. For investors, this creates an opportunity to acquire a recently delivered asset with embedded NOI upside at a point when the market appears poised for strengthening fundamentals. 

With proximity to the Triangle’s major technology, life sciences, healthcare, and financial services employers, as well as access to Cary’s premier retail, lifestyle, and recreational amenities, Bainbridge Cary offers investors a rare combination of institutional-quality real estate, below-replacement-cost basis, embedded NOI upside, and durable long-term demand support in one of the Southeast’s most desirable suburban markets.