Sold: Durham Apartments Fetch $65 Million

A Virginia-based real estate investor has bought a large apartment community in Durham for more than $65 million.

RST Development of Virginia Beach paid $65.9 million for Lodge at Croasdaile Farm, a 320-unit development in the Croasdaile Farm master-planned community in north Durham. The seller is a joint venture between The Davis Companies and Gemini Partners, LLC.