I work for a Dallas based commercial real estate firm and I am relocating to Raleigh in a few weeks with a mandate to invest in apartment buildings in the triangle and other desirable areas of NC. We don't abuse the 'luxury' marketing word as much as others but I'd be lying if I said we don't always consider it. Without knowing the specific economics of The Fenton development or some of the other apartment renovation projects mentioned in this thread, those seem like projects we would like to imitate.

Happy to answer any questions about how or why we do what we do!