Joint Venture Acquires Property Near the University of North Carolina Wilmington

Wilmington, N.C. — A joint venture between Pearlmark, Timberline Real Estate Ventures and Tramview Capital Management has acquired a multifamily property located near the University of North Carolina Wilmington campus. The property, located at 420 Racine Drive, will be renovated and positioned as student housing. The community will be managed by B.HOM Student Living. Details on the renovation were undisclosed.