Stabilus Capital Management, LP, has engaged Multifamily Select as management agent effective February 1, 2015. Stabilus Capital is a New York based privately held investment firm which became owner on December 22,2014. This 136 unit property is a mix of tax credit, project based Sec. 8, and market rate units located in the booming Raleigh apartment market. Substantial renovation efforts should begin in the second quarter of 2015.