The Briarwood apartments are located in Fayetteville, NC, the fifth-largest metropolitan area in North Carolina and home to one of the largest military installations in the world, Fort Bragg.
Brazos was particularly drawn to the asset due to its proximity to Cape Fear Medical Center, the ninth-largest medical system in the state that contains nearly 1,000 beds and employs over 7,000 people. Brazos strategically targeted this asset off market after seeing the success of their existing portfolio in the market.