Oaks at Spring Garden Sold for $3.5 Million

October 1, 2013 at 6:40 pm Leave a comment

From the Triad Business Journal:

A Florida investment firm has purchased the four-building Oaks at Spring Garden student housing community in Greensboro for $3.5 million.

The community at 2119 Spring Garden St. is west of UNC-Greensboro’s campus and includes 48 units with 192 total bedrooms. It was sold Sept. 27 by 2119 Spring Garden Street LLC to Pragma Investments, a firm that specializes in multi-unit housing investments…

The complex was built in 1991, and was purchased in 2011 by New York-based Stabilis Fund I LP for $1.7 million at public auction following a foreclosure.

The 3.1-acre property was then transferred to 2119 Spring Garden St. LLC and is appraised at $2.9 million for tax purposes.

Advertisements

Entry filed under: Greensboro, Student Housing. Tags: , , , .

Affordable Housing Programs Unnecessarily Complex Vacancies Fell, Rents Rose Over the Summer

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Calendar

October 2013
S M T W T F S
« Sep   Nov »
 12345
6789101112
13141516171819
20212223242526
2728293031  

Most Recent Posts


%d bloggers like this: