Patten Sales and Marketing Acquires Bloomsbury Estates, 18 Units Sold on the Opening Weekend

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Patten Sales and Marketing acquires forty-four units of the Bloomsbury Estates condominium project in Raleigh, North Carolina. Eighteen units sold during grand opening weekend sales event.

We believe Bloomsbury Estates to be among the best (condominiums available in Raleigh), and they are now available to the public at price points representing outstanding value

Patten Sales and Marketing, a Naples, FL-based real estate investment subsidiary of Patten Family Companies, acquired forty-four units of the Bloomsbury Estates condominium complex from Fifth Third Bank in June. Bloomsbury Estates, a highly touted redevelopment project in downtown Raleigh, North Carolina, was completed and opened in 2009.

Michael S. Patten, CEO of Patten Sales and Marketing noted, “Patten Sales and Marketing is pleased to be associated with the finest condominium residence project in downtown Raleigh. Over the past few years there have been a number of condominium projects constructed in Raleigh. We believe Bloomsbury Estates to be among the best, and they are now available to the public at price points representing outstanding value.”

Patten Sales and Marketing has commenced sales of the units at Bloomsbury Estates. Eighteen units were sold on the opening weekend June 25-26, 2011. The twenty-six remaining units at Bloomsbury offer a variety of floor plan options in a European-inspired construction style and setting. Ten floor plans are available for one to three bedroom units ranging in size from 900 square feet to 2,400 square feet in size.

About Bloomsbury Estates
Bloomsbury Estates is a spectacularly crafted, European-inspired condominium project in Raleigh, NC with an unparalleled location offering the excitement of city culture, dining and attractions, yet located on the edge of a historic neighborhood with stately homes and tree-lined streets. From its incredible vantage point offering stellar views of the Raleigh skyline and city lights, this seven story condominium community offers multiple floor plan options, high-end amenities and lush outdoor landscaping. Simply put, luxury and quality abound at Bloomsbury Estates. For more information, please visit http://www.bloomsburycondos.com.

About Patten Sales & Marketing
Patten Sales & Marketing, LLC is the nation’s foremost provider of services that assist banks, equity investors, real estate investment funds, and developers with the timely liquidation of real estate owned (REO). The company implements strategic options that convert REO into cash quickly. As a division of Patten Family Companies, Patten Sales & Marketing brings to bear over 100 years of experience in all phases of the real estate cycle including financing, development, workout, and disposition services to capitalize on opportunities in condominiums, resorts, office buildings, golf courses, and land. For more information, please visit http://www.pattensm.com.

Contact:
Don Morin
Patten Sales & Marketing
792 Broad Avenue S
Naples, FL 34102
(941) 907-1257
dmorin(at)pattensm.com

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