Two Greensboro Apartment Communities Sold in Separate Deals

November 10, 2015 at 10:30 pm 1 comment

Two Greensboro apartment communities were recently sold in separate deals:

LWH Ashley Oaks Apartments LP, an entity managed by Steiner Group in Quebec, Canada, acquired Ashley Oaks Apartments on Guilford College Road for $16.64 million, or slightly more than $66,000 per unit…

Ashley Oaks has 252 units and 245,192 square feet on 15.27 acres, according to tax records. It has a total assessed value of $13.54 million…

Also in Greensboro, The Morehead Apartment Homes at 5606 W. Market St. has sold.

Morehead Apartment Homes LLC, an entity managed by Charlotte-based WB Ventures of NC LLC, bought the 24-building complex for $11.15 million, or slightly more than $54,650 per unit…

Morehead has 204 units and spans 211,229 square feet on 15.11 acres. Tax records indicate its total assessed value is $7.3 million.

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Entry filed under: Greensboro, Piedmont Triad Apartment Market. Tags: , , , , .

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