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CYwP Fund IV Invests in Apartment Complex, The Lofts at Midtown

Current Yield with Participation Funds (CYwP Funds) announced today that CYwP Fund IV has invested in The Lofts at Midtown (The Lofts), a multi-family real estate development located in Raleigh, NC.

The sponsor acquired The Lofts in an off-market transaction which resulted in a favorable purchase price. The Lofts is a 184-unit development built in 1975. The property recently went through a $4 million renovation, with improvements made to both the interior and exterior. It is located in the heart of North Raleigh near high end restaurants, retail, and commuter areas.