Newly built multifamily community in West Raleigh trades

CAROLINAS, Aug. 26, 2026 –  JLL Capital Markets announced today that it has completed the sale of Milo, a 252-unit multifamily community in Raleigh, North Carolina.

JLL represented the seller, Greystar. The buyer was Milo Apartments, LLC.

Completed in 2024, Milo consists of eight three-story residential buildings and a leasing/clubhouse. Units are available in one-, two- and three-bedroom floorplans that average 889 square feet each. Unit features include stainless steel appliances, quartz countertops, soaking garden tubs, spacious closets and private patios or balconies. Residents at Milo also have access to market-leading amenities, including a pool and sundeck, poolside cabanas, yoga lawn, co-working hub, fitness center, cardio and cycle studio, outdoor grill kitchen, dog park, community garden and a resident lounge.

Milo is located on an 8.13-acre site at 821 Hanbury Way in West Raleigh. The property benefits from its location along the I-40 corridor, which serves as the primary artery linking Raleigh to Research Triangle Park, Durham, Chapel Hill, RDU International Airport and the broader Triangle metro. Duke, UNC-Chapel Hill and NC State University are also just minutes away.

The Raleigh-Cary Metro area is one of the fastest growing markets in the Sunbelt; growing more than 10% since 2020, nearly four times the national growth rate over the same period. The growth is fueled by a robust job market, employment in the Raleigh metro has risen 2-3.5% year-over-year, placing Raleigh among the top five cities for job growth nationally.

The JLL Capital Markets Investment Sales and Advisory team was led by Managing Directors John Mikels and John Gavigan, Director Chase Monroe, Associate William Martin and Analyst Mccullough Campbell.

“Raleigh continues to draw in new residents due to its strong employment base in research and technology, its world class higher education institutions and its high quality of life, which directly benefits properties like Milo that see continued rent growth and robust leasing fundamentals,” said Mikels.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates approximately $350 billion of real estate in approximately 260 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing more than one million units/beds globally. Across its platforms, Greystar has over $79 billion of assets under management, including over $34 billion of development assets and approximately $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.