New Cary apartments fetch $44M


A Raleigh developer has sold a 208-unit apartment community it built in Cary in 2015. The price tag: $44.025 million.

Dewitt Carolinas, led by Todd Saieed and Ven Poole, closed on the deal earlier in February, selling the Franklin at Crossroads Apartments on Jones Franklin Road to a Massachusetts investment management firm called Eaton Vance Corp.

The firm bought the 17-acre parcel for the project in 2013 for $3.3 million and broke ground in 2014. The development has two four-story buildings and…

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