Situated midway between Raleigh/Durham and Greensboro, Mebane Mills Apartments was built in Mebane, North Carolina in 1996. Consisting of 192 units, the property features 1, 2 and 3-bedroom garden style apartments in two-story buildings. The project achieved an incredible cost basis of less than $50k/unit and was sold in 2001 for $11.8MM.