Five Triad Apartment Communities Start 2016 Under New Ownership

January 5, 2016 at 2:07 pm 1 comment

An article in the Triad Business Journal provides an overview of five apartment community sales in the Triad at the end of 2015:

Deerwood Crossing Apartments (Winston-Salem), now known as Twin City Apartments, is a 285-unit community that sold for $11.4 million.

Westgate Terrace Apartments (Winston-Salem), is a 42-unit community that sold for $2.53 million.

Ridgewood Apartments (Greensboro), a 14-building, 160-unit community sold for $5.4 million.

Tucker Street Apartments (Burlington), a 31 building community built in 1972 sold for $2.6 million.

Beaumont Avenue Apartments (Burlington), a 40 building community built in 1972 sold for $2.6 million.

More details about the transactions can be found here.

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Entry filed under: Greensboro, Investment, Piedmont Triad Apartment Market, Sales, Winston-Salem. Tags: , , , .

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