Officers, along with the U.S. Marshal Joint Fugitive Task Force, arrested 21-year-old Keon Council and charged him with the murder of Mark David Stiles.
Council was booked into the Orange County Jail under a $1,250,000 secured bond.
Officials believe the shooting occurred after a dispute between Council and the victim.
Stiles, 52, of Chapel Hill, was found shot in the J building of the apartment complex around 7:30 p.m.
He was transported to UNC Hospitals where he died Friday morning.